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 ?
The typical approach used up to now has been to observe the output signal of the transmitter and compensate for signal distortions there in order to have the transmitter provide the highest quality signal possible.
New Canon Hybrid IS world's first Image Stabilizer to compensate for two types of camera shake
The training pattern will be changed to an alternating pattern between data lines to compensate for some of the crosstalk effects.
The basic strategy in adaptive optics is to collect light waves with a deformable mirror whose shape can be adjusted to compensate for distortions in an image.
Metro Wi-Fi networks that do not compensate for widely variable, often low power, clients cannot provide predictable connections, compromising customer satisfaction.
The exciting part was that it only took a few days for the chicks' eyes to compensate for the blur created by the lenses," says Wallman.
The PHA believes that this additional preservation of valuable habitat completes a package that more than compensates for the impacts from the proposed terminal facilities.