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 ?
available to 320 of the highly compensated employees
According to the latest data, insulin pump rental is already compensated for 159 people with diabetes mellitus, including 93 children.
In Torgar, 15 out of 16 dead were compensated whereas in Kohistan Upper, all 13 dead were compensated besides seven injured out of 25.
The Government also compensated 152 injured out of 1635 in KP.
However, qualified plans may not completely meet the needs of highly compensated executives due to increased restrictions and reduced contribution amounts.
The statutory safe-harbor test is satisfied for SLOB only if the ratio of the percentage of highly compensated employees (HCEs) of the SLOB to the percentage of HCEs to employees employer-wide is: [35]
Second, Alias noted that Section .2(a) specifically states that CAS 415 covers deferred compensation except for compensated personal absence, which is how Alias categorizes BV.
The governor said although some of the residents were compensated by The National Land Commission, some continue to suffer since they are yet to be compensated more than three years after surrendering their land.
During the meeting, Pakistan Tehreek-i-Insaf MNA Asad Umar said E-12 falls in his constituency but he was not made part of the sub-committee headed by Malik Ibrar and tasked with looking into the issue of those who are to be compensated for their land in E-12.
"This milestone is progress toward an approval that would allow us to provide the opportunity for a cure with just 12 weeks of our regimen to genotype 4 patients with or without compensated cirrhosis in Europe."
As many as 34 out of 35 dead in Swat, 24 out of 26 in Dir Lower, four out of 16 in Dir Upper, 13 out of 18 in Torghar and all nine deceased in Kohistan upper had been compensated.
Similarly, 398 owners of destroyed and damaged houses were also compensated out of 42443 reported houses damages in KP.