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 SLA and the National Trainers' Federation have long recognised that stable staff are vitally important and should be remunerated accordingly.
At KW our project--Workers Who Cannot Be Paid, Remunerated to Remain Inside Cardboard Boxes, 2000--involved Chechen refugees who were not permitted to work, under threat of repatriation (which would, in most cases, lead to jail time or worse back home).
For another show, called Person Remunerated for a Period of 360 Consecutive Hours, an asylum seeker was bricked up behind a wall for 15 days - and fed through a hatch.
Participants will be remunerated monetarily and possibly with continuing professional education credit.
Farmers expressed concern over the welfare of their sheep and cattle immediately following the reports, but authorities stated any livestock damages would be remunerated.
teachers need to be remunerated for their services based on test results of students.
Clergy who live in their own homes can be remunerated either by a stipend plus a cash amount for a housing allowance, or a straight salary.
To this end, she believes that raising children should be remunerated as work.
For instance, the authors suggest that the way in which the professions are remunerated is fundamentally anti-efficient: 'If we had to set out to design a system of incentives and institutional structures to make buildings use about 10 times as much energy as they should do, be less healthful and comfortable than they should be, and cost more to build than they should do, it would be hard to improve on the system we've actually got'.
It costs us more to get the chart out than we get remunerated for seeing a patient on the RBRVS system.
It was also resolved that the Board members will not be remunerated.
Maintenance and repair servicesLot1: Bollene agencies and Orange remunerated partly on the basis of a comprehensive and annual fixed price for preventive maintenance (periodic visit) and curative (troubleshooting) and part replacement work remunerated in the form of purchase order Mini Amount 2000 EUR HT-Max amount 80000 EUR (HT).