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Definition of Compensation
Compensation
The act or principle of compensating.

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.

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.

A recompense or reward for some loss or service.

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.

Related Definitions:
Act, Amends, Amount, An, Are, As, Avoid, Be, But, By, Compensating, Compensation, Credit, Customary, Debt, Description, Else, Equal, Equivalent, Estate, Extinction, For, Good, In, Is, It, Lack, Loss, Not, Of, Or, Payment, Principle, Privation, Provide, Real, Reciprocally, Recompense, Regarded, Remuneration, Reward, Sale, Service, Set-Off, Shall, Some, Something, Stipulated, Subject, That, The, They, To, Two, Variation, Which






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

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

The compensation of a very early success is a conviction that life is a romantic matter. In the best sense one stays young.
F. Scott Fitzgerald

Forgetfulness - a gift of God bestowed upon debtors in compensation for their destitution of conscience.
Ambrose Bierce

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

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

Do your job and demand your compensation - but in that order.
Cary Grant

Increasing inequality in income distribution in this country has broader policy implications, and there is also the growing problem of perverse incentives that result from executives receiving grossly disproportionate compensation based on decisions they themselves take.
Barney Frank

Getting talked about is one of the penalties for being pretty, while being above suspicion is about the only compensation for being homely.
Kin Hubbard

Cap the well, yes. Clear up the mess, yes. Make compensation - yes, absolutely. But would it be right to have legislation that independently targets BP rather than other companies? I don't think that - would be right.
David Cameron



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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