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
3: something that makes up for a loss
received compensation for the breach of contract; specif: payment to unemployed or injured workers or their dependents see also unemployment compensation, workers' compensation
4: payment for a thing of value tendered or a service rendered
the Senators and Representatives shall receive compensation for their servicesU.S. Constitution art. I

Merriam-Webster’s Dictionary of Law. . 1996.

compensation
I noun amends, atonement, commutation, compensatio, consideration, damages, defrayal, defrayment, earnings, emolument, equivalent given for injury, equivalent given for loss sustained, fee, financial remuneration, guerdon, indemnification, indemnity, meed, monetary remuneration, pay, payment, payment of damages, quittance, reclamation, recompensation in value, recompense, recoupment, recovery, rectification, reimbursement, remuneration, remuneration for injury, reparation, repayment, requital, restoration, retainer, retaining fee, retrieval, return, reward, reward for injury, reward for loss, reward for service, salary, satisfaction, satisfaction for damage, satisfaction for injury, settlement, solatium, wages associated concepts: adequate compensation, adjusted compensation, agreement for compensation, compensatory damages, fair and reasonable compensation, full compensation, just and adequate compensation, payments of compensation, reasonable compensation foreign phrases:
- Corporal is injuria non red pit aestimationem de futuro. — A personal injury cannot be compensated for by later acts.
II index advance (allowance), aid (subsistence), benefit (conferment), brokerage, collection (payment), commission (fee), consideration (recompense), contribution (indemnification), damages, disbursement (funds paid out), discharge (payment), earnings, expiation, fee (charge), honorarium, income, indemnification, indemnity, offset, out of pocket, pay, payment (act of paying), payment (remittance), payroll, pension, perquisite, price, profit, recompense, recovery (award), refund, reimbursement, relief (legal redress), remedy (legal means of redress), remuneration, rendition (restoration), rent, reparation (indemnification), replacement, requital, restitution, retainer, retribution, revenue, reward, satisfaction (discharge of debt), tip (gratuity), trover, wage

Burton's Legal Thesaurus. . 2006


compensation
1. a monetary payment for loss or damage.
2. in Scotland, the right to set off one debt against another with the effect of reducing the one by the amount of the other. The right is not available after decree. It applies only to liquid debts or, at the discretion of the court, debts easily made liquid. There must be concursus debiti et crediti, meaning that each party must be the other's debtor and creditor. An executor sued for a private debt has been held unable to plead compensation in respect of a debt owed to him as executor. The rules operate differently in insolvency. See criminal injuries compensation.

Collins dictionary of law. . 2001.


compensation
Payment for work performed or damages suffered (for example, in the form of workers' compensation benefits).
Category: Employment Law & HR → Employee Rights
Category: Employment Law & HR → Human Resources

Nolo’s Plain-English Law Dictionary. . 2009.


compensation
n.
1 Payment for work done.
2 Payment for injury, loss, or otherwise depriving a person of something he or she is entitled to.
See also damages.
@ deferred compensation
1 Payment at some agreed time in the future for work already done.
2 Payment for work done paid in a tax year subsequent to when the payment is earned or paid in a manner, such as contributing to a qualified pension or profit-sharing plan, that postpones the employee's tax liability for the payment.
n. Compensation that is paid to an employee at a time later than the one at which it was earned, with the tax on that compensation deferred as well. Often in the form of stock options in the employer corporation.
=>> compensation.
@ just compensation
The compensation to a property owner required by the Fifth Amendment to the United States Constitution whenever a state government or the federal government takes possession of private property by means of eminent domain for public use. Generally, the amount of compensation is the market value of the property at the time of the taking.
See also eminent domain.
=>> compensation.
@

Webster's New World Law Dictionary. . 2000.


compensation
A pecuniary remedy that is awarded to an individual who has sustained an injury in order to replace the loss caused by said injury, such as workers' compensation. Wages paid to an employee or, generally, fees, salaries, or allowances. The payment a landowner is given to make up for the injury suffered as a result of the seizure when his or her land is taken by the government through eminent domain.

Dictionary from West's Encyclopedia of American Law. 2005.


compensation
A pecuniary remedy that is awarded to an individual who has sustained an injury in order to replace the loss caused by said injury, such as workers' compensation. Wages paid to an employee or, generally, fees, salaries, or allowances. The payment a landowner is given to make up for the injury suffered as a result of the seizure when his or her land is taken by the government through eminent domain.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

compensation
n.
   1) payment for work performed, by salary, wages, commission or otherwise. It can include giving goods rather than money.
   2) the amount received to "make one whole" (or at least better) after an injury or loss, particularly that paid by an insurance company either of the party causing the damage or by one's own insurer.

Law dictionary. . 2013.

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 — • 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

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”