compensation


compensation
Indemnification; payment of damages; making amends; making whole; giving an equivalent or substitute of equal value. That which is necessary to restore an injured party to his former position.
Remuneration for services rendered, whether in salary, fees, or commissions.
Consideration or price of a privilege purchased. Equivalent in money for a loss sustained; equivalent given for property taken or for an injury done to another; giving back an equivalent in either money which is but the measure of value, or in actual value otherwise conferred; recompense in value; recompense or reward for some loss, injury, or service, especially when it is given by statute; remuneration for the injury directly and proximately caused by a breach of contract or duty; remuneration or satisfaction for injury or damage of every description (including medical expenses).
An act which a court orders to be done, or money which a court or other tribunal orders to be paid, by a person whose acts or omissions have caused loss or injury to another, in order that thereby the person damnified may receive equal value for his loss, or be made whole in respect of his injury. Hughson Condensed Milk Co. v. State Board of Equalization, 23 Cal.App.2d 281, 73 P.2d 290, 292.
See also damages.
- fee
- profit-sharing plan
- unreasonable compensation
Eminent domain.
Payment to owners of lands taken or injured by the exercise of the power of eminent domain.
@ unemployment and workers' compensation
Payments to an unemployed or injured worker or his dependents.
@ compensation period
Period fixed by unemployment or worker's compensation statutes during which unemployed or injured worker is to receive compensation
@

Black's law dictionary. . 1990.

Synonyms:

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  • compensation — [ kɔ̃pɑ̃sasjɔ̃ ] n. f. • 1290; lat. compensatio, de compensare 1 ♦ Avantage qui compense (un désavantage). Compensation reçue pour des services rendus, des dommages. ⇒ indemnité; dédommagement, réparation, soulte. « Une augmentation de cent… …   Encyclopédie Universelle

  • compensation — com·pen·sa·tion /ˌkäm pən sā shən/ n 1: the act of compensating 2 in the civil law of Louisiana: the ending of mutual obligations between two people for money or quantities of fungible things usu. by operation of law but sometimes by an agreement …   Law dictionary

  • Compensation — • Denotes the price paid for human exertion or labour Catholic Encyclopedia. Kevin Knight. 2006. Compensation     Compensation     † …   Catholic encyclopedia

  • compensation — COMPENSATION. s. f. Estimation par laquelle on compense une chose avec une autre. Juste compensation. Compensation équitable. Faire compensation. Compensation de dépens. Il eut tant par compensation. C est une maxime de Droit, que compensation n… …   Dictionnaire de l'Académie Française 1798

  • Compensation — can refer to: Financial compensation, various meanings Compensation (chess), various advantages a player has in exchange for a disadvantage Compensation (engineering) Compensation (essay), by Ralph Waldo Emerson Compensation (film), a 2000 film… …   Wikipedia

  • compensation — Compensation. subst. f. v. Estimation par laquelle on compense une chose avec une autre. Juste compensation. compensation équitable. faire compensation. compensation de despens. il eut tant pour la compensation, C est une maxime du Palais, que… …   Dictionnaire de l'Académie française

  • Compensation — Com pen*sa tion, n. [L. compensatio a weighing, a balancing of accounts.] 1. The act or principle of compensating. Emerson. [1913 Webster] 2. That which constitutes, or is regarded as, an equivalent; that which makes good the lack or variation of …   The Collaborative International Dictionary of English

  • Compensation — (v. lat. Compensatio, Abrechnung), 1) Zahlung einer Schuld durch Abrechnung einer Gegenforderung an den Gläubiger. Sie wird häufig als Einrede gegen die Klage des Gläubigers geltend gemacht, daher Exceptio compensationis. Erfordert wird, daß… …   Pierer's Universal-Lexikon

  • compensation — compensation. См. компенсация. (Источник: «Англо русский толковый словарь генетических терминов». Арефьев В.А., Лисовенко Л.А., Москва: Изд во ВНИРО, 1995 г.) …   Молекулярная биология и генетика. Толковый словарь.

  • compensation — late 14c., action of compensating, from L. compensationem (nom. compensatio) a weighing one thing against another, a balancing, noun of action from compensare (see COMPENSATE (Cf. compensate)). Meaning what is given in recompense is from c.1600;… …   Etymology dictionary

  • compensation — [n] repayment; rectification advantage, allowance, amends, atonement, benefit, bonus, bread*, consideration, counterclaim, coverage, damages, defrayal, deserts*, earnings, fee*, gain, honorarium, indemnification, indemnity, meet, pay, payment,… …   New thesaurus