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 ?
Specifically, if technology is not feasible to fix one set of vulnerabilities, it is up to the organization to then execute compensating controls.
The object of empirical work on compensating differentials is to obtain better estimates of c from data sets containing information on wages and worker and job characteristics.
Conversely, if the auditor noted numerous errors in information generated by the accounting system and no compensating strengths in the control environment, the absence of control procedures generally would lead the auditor to conclude a reportable condition exists.
The first of its kind in the industry, TrueWave REACH LWP fiber meets current and emerging optical system needs with the best matched non-zero dispersion compensation Co-designed with the RightWave(TM) dispersion compensating module, TrueWave REACH LWP fiber has the ability to excel with both current and emerging amplification technologies.
BizRights compliance packs provide rules, reports, compensating controls and other business content designed to accelerate and manage compliance with various government and industry regulations.
Traditionally, the solution has been to use Dispersion Compensating Fiber (DCF), although this cannot compensate for each individual constituent wavelength, and it is limited by its power handling capability and intrinsic high loss characteristics.
But despite these obstacles, the study overall revealed that IT companies are not questioning whether they could be compensating employees based on customer satisfaction but how they should be doing it.