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compensation

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compensation


  2  definitions  found 
 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
 
  Compensation  \Com`pen*sa"tion\,  n.  [L.  compensatio  a  weighing,  a 
  balancing  of  accounts.] 
  1.  The  act  or  principle  of  compensating.  --Emerson. 
 
  2.  That  which  constitutes,  or  is  regarded  as  an  equivalent; 
  that  which  makes  good  the  lack  or  variation  of  something 
  else;  that  which  compensates  for  loss  or  privation; 
  amends;  remuneration;  recompense. 
 
  The  parliament  which  dissolved  the  monastic 
  foundations  .  .  .  vouchsafed  not  a  word  toward 
  securing  the  slightest  compensation  to  the 
  dispossessed  owners.  --Hallam. 
 
  No  pecuniary  compensation  can  possibly  reward  them 
  --Burke. 
 
  3.  (Law) 
  a  The  extinction  of  debts  of  which  two  persons  are 
  reciprocally  debtors  by  the  credits  of  which  they  are 
  reciprocally  creditors;  the  payment  of  a  debt  by  a 
  credit  of  equal  amount;  a  set-off.  --Bouvier. 
  --Wharton. 
  b  A  recompense  or  reward  for  some  loss  or  service. 
  c  An  equivalent  stipulated  for  in  contracts  for  the  sale 
  of  real  estate,  in  which  it  is  customary  to  provide 
  that  errors  in  description,  etc.,  shall  not  avoid,  but 
  shall  be  the  subject  of  compensation. 
 
  {Compensation  balance},  or  {Compensated  balance},  a  kind  of 
  balance  wheel  for  a  timepiece.  The  rim  is  usually  made  of 
  two  different  metals  having  different  expansibility  under 
  changes  of  temperature,  so  arranged  as  to  counteract  each 
  other  and  preserve  uniformity  of  movement. 
 
  {Compensation  pendulum}.  See  {Pendulum}. 
 
  Syn:  Recompense;  reward;  indemnification;  consideration; 
  requital;  satisfaction;  set-off. 
 
  From  WordNet  r  1.6  [wn]: 
 
  compensation 
  n  1:  something  given  to  recompense  for  loss  or  injury 
  2:  a  defense  mechanism  that  conceals  your  undesirable 
  shortcomings  by  exaggerating  desirable  behaviors 
  3:  the  act  of  compensating  for  loss  or  injury  [syn:  {recompense}] 




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