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 periodicals archive ?
Can you imagine how they feel when they see Government ministers praising them for all they did during WW2 and at the same time refusing to compensate them?
162-21(b)(2), because this amount will be used to compensate victims for their damages.
A computer transforms these measurements into a prescription for adjusting the pistons so that the mirror precisely compensates for the eye's imperfections.
In the August Nature Medicine, Smith reported that monkeys' eyes, too, employ a feedback mechanism to compensate for refractive lenses.
For example, a contract that compensates a physician on the basis of a percentage of revenue must be limited to a two-year term, and existing contracts that contain automatic renewal provisions may violate the five-year contract term limitation.
Metro Wi-Fi networks that do not compensate for widely variable, often low power, clients cannot provide predictable connections, compromising customer satisfaction.
whether there was a sufficiently broad range of damages (especially for intangible harms) to compensate Banks.
Approximately 86 percent of the hospitals do not compensate the chief of staff-elect.
75x as a benchmark, and then discounting this by 60% to compensate for the speculative nature and risks inherent with this firm, we arrive at our target price which values Stick Web at $.
The special bonus payments were not technically subject to a preexisting contractual obligation, but were calculated in an amount necessary to compensate the taxpayer's management investors for the difference between the current price and exercise price of the options that would not survive the merger.
In the late 1980s, the Federal Savings and Loan Insurance Corporation (FSLIC) agreed to compensate buyers of troubled thrifts for the difference between the book value and the ultimate sales proceeds of so-called covered assets acquired in the transactions.
IRC section 401(a)(4) rules prohibiting qualified plans from providing highly compensate individuals with benefits or contributions greater than those provided to employees who are not highly compensated.