noun

compensation

kahm-pun-SAY-shun/ˌkɑːmpenˈseɪʃn/

Something provided in return for work or to offset a loss.

The construction worker receives a pay envelope as compensation for his work.

White construction worker receives pay envelope after completed work.

Etymology

comLatintogether

+pensLatinto weigh

+ationLatinaction or result

From weighing things against each other came the sense of balancing an account or obligation. The word then shifted from the act of making up for something to the money or benefits given in return.

In context

The Scottish Parliament146:27

compensation should be given to the tenants in respect of the rent they paid during the period in which a letting agent is in breach but that compensation be paid for by the letting agent

Afternoon Plenary: Part 1 - Scottish Parliament: 25th June 2014

More examples

Her compensation includes a salary and health insurance.
The airline offers compensation for the lost suitcase.
The beautiful view is some compensation for the tiny apartment.

Forms

compensation · compensations

compensate verb — To pay for work or offset loss.

compensatory adjective — Intended to make up for a loss.

Similar words

pay: Usually money received for work, rather than for a loss.
reimbursement: Repayment of expenses already incurred, not payment for labor.
damages: Money awarded through legal action for injury or loss.