Compensation

What is Compensation?

Compensation definition and meaning on Dictionary terms:
noun
the act or state of compensating, as by rewarding someone for service or by making up for someone’s loss, damage, or injury by giving the injured party an appropriate benefit.
the state of being compensated or rewarded in this way.
something given or received as an equivalent for services, debt, loss, injury, suffering, lack, etc.; indemnity: The insurance company paid him $2000 as compensation for the loss of his car.
Biology. the improvement of any defect by the excessive development or action of another structure or organ of the same structure.
Psychology. a mechanism by which an individual attempts to make up for some real or imagined deficiency of personality or behavior by developing or stressing another aspect of the personality or by substituting a different form of behavior.

 

reference: www.dictionary.com/browse/compensation

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