compensation

From Wiktionary

compensation is part of the Academic Word List. It is important for students in college and university.

[change] Pronunciation

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[change] Noun

Singular compensation

Plural compensations

1. (uncountable) Compensation is money, or something of value, given to somebody who has lost something or been harmed.

   He was ordered to pay £600 compensation after being found guilty of assault.

   They are asking for compensation for the damage to their car.

   After the injury, Worker's Compensation began sending him a weekly cheque.

2. (uncountable); (US) Compensation is everything that a company gives to someone for doing their job, including money, company car, stocks, etc.

   My compensation package at the old job was better, but I enjoy it more here.

[change] Related words

• compensate