On-line Dictionary
Compensation
Compensation
n.
The
act
or
principle
of
compensating
.
Compensation
n.
That
which
constitutes
, or is
regarded
as, an
equivalent
;
that
which
makes
good
the
lack
or
variation
of
something
else
;
that
which
compensates
for
loss
or
privation
;
amends
;
remuneration
;
recompense
.
Compensation
n.
The
extinction
of
debts
of
which
two
persons
are
reciprocally
debtors
by
the
credits
of
which
they
are
reciprocally
creditors
;
the
payment
of a
debt
by a
credit
of
equal
amount
; a
set
-
off
.
Compensation
n.
A
recompense
or
reward
for
some
loss
or
service
.
Compensation
n.
An
equivalent
stipulated
for
in
contracts
for
the
sale
of
real
estate
, in
which
it is
customary
to
provide
that
errors
in
description
,
etc
.,
shall
not
avoid
,
but
shall
be
the
subject
of
compensation
.
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