Definitions

1. noun

A prize or collection of prizes offered as a single reward; a consolation prize

“The concert organizer awarded a compo to the second-place winner.”

2. noun

A contribution, especially in the form of money, to a common fund

“The team’s compo was used to pay for their travel expenses.”

3. verb

To make a contribution, especially in the form of money, to a common fund

“The team members decided to compo to the charity event.”