Compensation


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Compensation

Arrangement under which the delivery of goods to a party is paid for by buying back a certain amount of the product from the recipient of the goods.

Compensation

Payment for services rendered. One is due compensation when one has performed a service for an employer or client. Examples of compensation include wages, salaries, tips, fees, and commissions. Compensation is usually the primary component of an individual's tax liability. It is also called remuneration.

compensation

(1) Payment for goods or services.(2) Damages necessary to restore an injured party to his or her position before the wrongdoing.(3) In eminent domain, payment to property owners for the value of the property taken and any damage caused to the value of the remaining property.

Compensation

Wages, commissions, tips, professional fees, and net self-employment income received for services rendered; that is, earned income.
References in classic literature ?
In republics, persons elevated from the mass of the community, by the suffrages of their fellow-citizens, to stations of great pre-eminence and power, may find compensations for betraying their trust, which, to any but minds animated and guided by superior virtue, may appear to exceed the proportion of interest they have in the common stock, and to overbalance the obligations of duty.
And what is your deduction from this compensation, sir?
There's only one remedy, dear Raoul -- that is, to marry her as a compensation " remarked D'Artagnan.
I am told the government here will make me a compensation for my own and my family's loss, which I think cannot be much less than £3,000 sterling.
A couple of horses were declared to be a fair compensation for the loss of a woman who had previously lost her heart; with this, the Shoshonie brave was fain to pacify his passion.
He must give up the notion of his father's legacy; but it was not likely he would ever want that trifle; and even if he did--why, it was a compensation to think that in being for ever divided from his family he was divided from Jacob, more terrible than Gorgon or Demogorgon to David's timid green eyes.
When he was a lad of seven, he one day kicked down an old gardener's pitcher of broth, from no motive but a kicking impulse, not reflecting that it was the old man's dinner; but on learning that sad fact, he took his favourite pencil-case and a silver-hafted knife out of his pocket and offered them as compensation.
When Major Effingham yielded to the claims of age, he retired with dignity, refusing his half-pay or any other compensation for services that he felt he could no longer perform.
I should plunge a good dagger into his throat in compensation for the grating, and would nail him down in a veritable bier, in remembrance of the false coffin in which I had been left to grow moldy for two days.
Adam came quickly to the conclusion that there was for him some compensation that the others did not share; and he soon believed that that compensation was in one form or another the enjoyment of the sufferings of others.
No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury, except in cases arising in the land or naval forces, or in the Militia, when in actual service in time of War or public danger; nor shall any person be subject for the same offense to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use without just compensation.
The Senators and Representatives shall receive a Compensation for their Services, to be ascertained by Law, and paid out of the Treasury of the United States.

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