Compensation

/kˌɒmpənsˈe‍ɪʃən/

/ˌkɑmpənˈseɪʃən/

[noun]

Compensation

[NOUN]

something, particularly money, given to one to make up for the loss, pain, or damage that one suffered

(psychiatry) a defense mechanism that conceals your undesirable shortcomings by exaggerating desirable behaviors

the act of compensating for service or loss or injury

synonyms : recompense

Examples

1. He's hoping for an offer of compensation.

2. The company is on the hook for providing compensation to the affected customers due to the product recall.

3. The company's executives have a lot of skin in the game because a significant portion of their compensation is tied to the company's stock performance.

4. Very few states have compensation.