compensation

compensation
Arrangement under which the delivery of goods to a party is paid for by buying back a certain amount of the product from the recipient of the goods. Bloomberg Financial Dictionary

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compensation com‧pen‧sa‧tion [ˌkɒmpənˈseɪʆn ǁ ˌkɑːm-] noun [uncountable] HUMAN RESOURCES
1. an amount paid to someone because they have been hurt or harmed:

• Mr Lewis was awarded $75,000 compensation for injuries suffered in the accident.

• The group will pay compensation to 800 people who have been made redundant.

2. abbreviation comp the total amount of money and other advantages that someone receives as an employee:

• Japanese workers get 30% of their compensation in vacation pay and bonuses.

• The firm has agreed to a new compensation package for its chairman, including stock options worth $252 million.

emˌployee compenˈsation especially AmE HUMAN RESOURCES
1. the total pay and benefits that a particular employee or group of employees receives:

• An increasing proportion of the company's employee compensation is paid in stock.

2. money paid to an employee by an employer's insurers because the employee has been harmed in some way, for example in an accident at work:

• Because of the limitations of employee compensation policies, more people are turning to the courts to seek additional disability awards.

ˌsocial seˈcurity compenˌsation
in the US, the money people have to pay into a government-run retirement plan and the money people receive from the government when they retire

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compensation UK US /ˌkɒmpənˈseɪʃən/ noun [U] (ABBREVIATION comp)
HR the combination of payment and other benefits that an employee receives for doing their job: »

Annual compensation for our executives includes salary, bonus, and other benefits.

»

Poor compensation may be hurting recruiting and retention efforts in nursing schools.

LAW, INSURANCE money that is paid to someone because they have been hurt, or because something has been lost or damaged: »

If you can prove that someone else was to blame for your accident, you will be entitled to compensation.

»

In a case like this, there is no limit to the compensation that can be awarded.

»

seek compensation for injury

»

a compensation claim

See also EMPLOYEE COMPENSATION(Cf. ↑employee compensation), SOCIAL SECURITY COMPENSATION(Cf. ↑social security compensation), UNEMPLOYMENT COMPENSATION(Cf. ↑unemployment compensation), EMPLOYEE COMPENSATION(Cf. ↑employee compensation)

Financial and business terms. 2012.

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Synonyms:

Look at other dictionaries:

  • compensation — [ kɔ̃pɑ̃sasjɔ̃ ] n. f. • 1290; lat. compensatio, de compensare 1 ♦ Avantage qui compense (un désavantage). Compensation reçue pour des services rendus, des dommages. ⇒ indemnité; dédommagement, réparation, soulte. « Une augmentation de cent… …   Encyclopédie Universelle

  • compensation — com·pen·sa·tion /ˌkäm pən sā shən/ n 1: the act of compensating 2 in the civil law of Louisiana: the ending of mutual obligations between two people for money or quantities of fungible things usu. by operation of law but sometimes by an agreement …   Law dictionary

  • Compensation — • Denotes the price paid for human exertion or labour Catholic Encyclopedia. Kevin Knight. 2006. Compensation     Compensation     † …   Catholic encyclopedia

  • compensation — COMPENSATION. s. f. Estimation par laquelle on compense une chose avec une autre. Juste compensation. Compensation équitable. Faire compensation. Compensation de dépens. Il eut tant par compensation. C est une maxime de Droit, que compensation n… …   Dictionnaire de l'Académie Française 1798

  • Compensation — can refer to: Financial compensation, various meanings Compensation (chess), various advantages a player has in exchange for a disadvantage Compensation (engineering) Compensation (essay), by Ralph Waldo Emerson Compensation (film), a 2000 film… …   Wikipedia

  • compensation — Compensation. subst. f. v. Estimation par laquelle on compense une chose avec une autre. Juste compensation. compensation équitable. faire compensation. compensation de despens. il eut tant pour la compensation, C est une maxime du Palais, que… …   Dictionnaire de l'Académie française

  • Compensation — Com pen*sa tion, n. [L. compensatio a weighing, a balancing of accounts.] 1. The act or principle of compensating. Emerson. [1913 Webster] 2. That which constitutes, or is regarded as, an equivalent; that which makes good the lack or variation of …   The Collaborative International Dictionary of English

  • Compensation — (v. lat. Compensatio, Abrechnung), 1) Zahlung einer Schuld durch Abrechnung einer Gegenforderung an den Gläubiger. Sie wird häufig als Einrede gegen die Klage des Gläubigers geltend gemacht, daher Exceptio compensationis. Erfordert wird, daß… …   Pierer's Universal-Lexikon

  • compensation — compensation. См. компенсация. (Источник: «Англо русский толковый словарь генетических терминов». Арефьев В.А., Лисовенко Л.А., Москва: Изд во ВНИРО, 1995 г.) …   Молекулярная биология и генетика. Толковый словарь.

  • compensation — late 14c., action of compensating, from L. compensationem (nom. compensatio) a weighing one thing against another, a balancing, noun of action from compensare (see COMPENSATE (Cf. compensate)). Meaning what is given in recompense is from c.1600;… …   Etymology dictionary

  • compensation — [n] repayment; rectification advantage, allowance, amends, atonement, benefit, bonus, bread*, consideration, counterclaim, coverage, damages, defrayal, deserts*, earnings, fee*, gain, honorarium, indemnification, indemnity, meet, pay, payment,… …   New thesaurus

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