Definition of Compensation
Compensation
com·pen·sa·tion
Definition/Meaning
(noun)
money or some other benefit that is given to someone to make up (compensate) for some injury or loss they have suffered;
e.g. His employer gave him compensation after he broke his leg due to dangerous working conditions.
(noun)
in American usage, the payment or other benefits that an employer offers to an employee in exchange for services provided;
e.g. He felt that he was not receiving adequate compensation for the work he was doing.
(noun)
something that makes up for or counteracts an unwelcome or undesirable circumstance;
e.g. The ideal location of my new apartment is compensation for its small size.
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