Compensation

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Related to compensating: compensating balance, compensating curve

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 ?
Once the risks have been ranked and documented, the next step is to provide an architecture that includes processes, technologies and compensating controls to improve the security posture of the organization.
The observation that test pilots may not be able to gauge how much they are compensating is not as obvious as it seems.
These analyses would have come out differently if the purpose had been to compare the cost to the employer of nonqualified deferred compensation with the cost of compensating the executive directly.
Taxpayers are wary that some treaty partners will not recognize the effect of a compensating adjustment.
The wage premium for bearing extra risk is known as a compensating wage differential, because the premium is viewed as being paid to compensate for the additional riskiness.
We will not let Boeing simply wipe this slate clean without compensating the employees.
Transmitter pre-compensation with cutback: This is an open-loop method of compensating for some of the signal loss that is most severe on the first part of a signal's transition.
This is all accomplished while- compensating, the primary care physician only a farthing and flooding him or her with a blizzard of paper and phone calls.
In some instances, a weakness or deficiency in one element may be overcome by compensating factors in the other elements.