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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

Compensation Quotations If we will be quiet and ready enough, we shall find compensation in every disappointment. Henry David Thoreau Forgetfulness - a gift of God bestowed upon debtors in compensation for their destitution of conscience. Ambrose Bierce We will often find compensation if we think more of what life has given us and less about what life has taken away. William Barclay People demand freedom of speech as a compensation for the freedom of thought which they seldom use. Soren Kierkegaard 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

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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