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Definitions from the Web

Term: Compensation

Description:

Compensation refers to the act of giving or receiving something in return for services rendered or losses suffered. It can take various forms, such as monetary payment, benefits, or rewards.

Sample Sentences:

As a noun:

1. The company offered him a generous compensation package, including a competitive salary and extensive benefits.

2. The injured worker received compensation for the medical expenses and lost wages.

As a verb:

1. The insurance company agreed to compensate the policyholder for the damages caused by the accident.

2. The organization plans to compensate its employees for working overtime by giving them extra paid time off.

As an adjective:

1. The compensation policy aims to provide fair and equitable rewards for the employees.

2. She found a compensation solution that balanced the interests of both parties involved in the dispute.

Related Products:

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