Definition, Meaning & Synonyms
compensation
Noun
/ˌkɒmpənˈseɪʃən/
Definition
Compensation is something given to make up for a loss or to provide a benefit.
Examples
- She received a compensation for the damages to her vehicle.
- The company offers employees a fair compensation package.
- He felt that the compensation for his work did not match the effort he put in.
Meaning
It can refer to money or some other form of payment that is given in exchange for services, loss, or injury.
Synonyms
- reimbursement
- payment
- remuneration
- reparations
