compensation

/ˌkɑmpənˈseɪʃən/
noun
  1. Something, especially money, given to someone as a payment for loss, injury, or suffering.
    • She received financial compensation for the damage to her car.
    • The airline offered compensation to passengers whose flights were canceled.
    • The company paid compensation to workers injured on the job.
  2. The salary or wages paid to an employee for their work.
    • Many companies review employee compensation once a year.
    • Her annual compensation includes a base salary and performance bonuses.
    • The job offers a generous compensation package including health insurance.
  3. Something that makes up for a lack or disadvantage; a counterbalance.
    • He found compensation for his shyness in his talent for music.
    • The long commute was a drawback, but the flexible hours were a good compensation.
    • The beautiful view from the small apartment was some compensation for its size.
What does "compensation" mean? | whatsthatwordmean | whatsthatwordmean