Definitions

1. noun

The act or state of making something good or fair by giving something else, or the payment or benefits given for this

“The company provided compensation to its employees for the damages caused by the flood.”

2. noun

Something that makes up for or makes good the loss or disadvantage of something else

“The new law was seen as a compensation for the lack of affordable housing in the city.”

3. noun

A payment made by an employer to an employee in return for services, especially one that is required by law

“She received a compensation package that included a salary, stock options, and health insurance.”

4. noun

A sum of money or other benefit given to someone as a result of an injury or loss

“The insurance company paid a compensation to the family of the victim.”

5. verb

To make something good or fair by giving something else

“The company had to compensate its customers for the delay in delivery.”

6. verb

To make up for or make good the loss or disadvantage of something else

“The new law will compensate for the lack of affordable housing in the city.”