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Definition of Compensation

Compensation

  1. The act or principle of compensating.
  2. That which constitutes, or is regarded as, an equivalent; that which makes good the lack or variation of something else; that which compensates for loss or privation; amends; remuneration; recompense.
  3. The extinction of debts of which two persons are reciprocally debtors by the credits of which they are reciprocally creditors; the payment of a debt by a credit of equal amount; a set-off.
  4. A recompense or reward for some loss or service.
  5. An equivalent stipulated for in contracts for the sale of real estate, in which it is customary to provide that errors in description, etc., shall not avoid, but shall be the subject of compensation.

Compensation Quotations

People demand freedom of speech as a compensation for the freedom of thought which they seldom use.
Soren Kierkegaard

If you pick the right people and give them the opportunity to spread their wings and put compensation as a carrier behind it you almost don't have to manage them.
Jack Welch

If we will be quiet and ready enough, we shall find compensation in every disappointment.
Henry David Thoreau

A person is a fool to become a writer. His only compensation is absolute freedom.
Roald Dahl

Greed has increasingly become a virtue among Wall Street bankers and corporate CEOs in the U.S. Nowhere else in the world do CEOs insist on receiving compensation as high compared to what their employees earn.
Simon Mainwaring
More "Compensation" Quotations

Compensation Translations

compensation in Afrikaans is vergelding
compensation in Dutch is beloning, loon, vergelding
compensation in Italian is compromesso, abbuono, indennizzo
compensation in Latin is merces mercedis
compensation in Swedish is kompensation
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