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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

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

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

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
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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