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Definitions from the Web

Term: Compensation

Noun - General Sense:

Compensation refers to the act of providing something, typically money, goods, or services, in exchange for a loss, injury, or service rendered.

Example sentence: The company offered him a generous compensation package after his accident at the workplace.

Noun - Employment Sense:

In the context of employment, compensation represents the total amount of money and benefits that an employee receives from an organization for their job.

Example sentence: The compensation for this position includes a competitive salary, health insurance, and a retirement plan.

Noun - Legal Sense:

In legal terms, compensation refers to the payment or settlement awarded to a person as a result of damages caused by another party's negligence or wrongful actions.

Example sentence: The court ordered the driver at fault to pay a substantial compensation to the victim's family.

Verb - General Sense:

As a verb, compensation means to make amends for a loss, damage, or inconvenience.

Example sentence: The hotel apologized for the inconvenience and compensated the guests with a complimentary stay.

Related Products:

Books on Compensation

Employee Compensation Products