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 ?
He assumed that judgment is not executed in this world; that the wicked are successful; that the good are miserable; and then urged from reason and from Scripture a compensation to be made to both parties in the next life.
Covey to have their slaves one year, for the sake of the training to which they were subjected, without any other compensation.
But he had sense to postpone complaining: there might be compensation within.
If she refuses, pay her what compensation is right, and so have done with her.
But if you think as Money can make compensation to me for the loss of the little child - what come to the forge - and ever the best of friends
I understand thee, Sancho," replied Don Quixote; "I perceive clearly that those visits to the wine-skin demand compensation in sleep rather than in music.
It is a law of nature we overlook, that intellectual versatility is the compensation for change, danger, and trouble.
It would have been so unquestionably, had not God given me so large a compensation.
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.
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.