Definitions

1. verb

to provide or make up for something that has been lost, damaged, or inadequate

“The company will compensate employees for the lost wages due to the strike.”

2. verb

to make amends or restitution for something

“She decided to compensate her friend by treating her to dinner.”

3. noun

the act or state of providing or making up for something

“The compensation package was attractive enough to keep her from leaving the company.”

4. noun

something that makes up for or replaces something else

“The new policy will provide a better compensation for the employees’ lost benefits.”