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 ?
professional and remunerated athletes, who, despite taking part in
Our educators and consultants need to be financially remunerated for their time, effort and commitment to the nursing profession.
Ross defines sweatshops as places that have some or all the following characteristics: they fail to pay minimum wages, have long hours not remunerated with premium pay, employ child labor and lack adequate benefits.
1999), the employer remunerated its employees with stock and claimed a deduction in the transfer year for the stock's value.
What does stagger me is that there are people out there in the industry who are remunerated on the basis of their premium income or their market share rather than their profitability.
For clients who choose to make investments through Banco do Brasil, the bank offers deposit remunerated accounts, as well as its popular savings accounts and an investment fund.
I firmly believe CFOs should be adequately remunerated for the talent and skill they employ and that such remuneration should equal in dollar amounts what's given to other executive officers.
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.