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compensation |
Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.06 sec. |
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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. 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The IAf demanded, "The Presidency Council to bear its responsibilities and its constitutional authority to revoke the article related to the compensational seats and lifts off the exclusion imposed by the new law on an important part of the Iraqis who are forced to leave their homeland. The effectuation of the treaties on information exchange with the tax havens has required such compensational economical benefits to the tax havens which allow them to develop open economical sectors and diversify their national economy. Accident compensational claims are nothing but the claims made on a company or a person who is responsible for the physical or mental injury caused by them directly or indirectly. |
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