See Also: Compensation(medicine)
Compensation(finance)
Fee-only compensation(money)
Fee only compensation(finance)
Compensation(money)
Compensation(health)
compensation(dictionary)
compensation(dictionary)
Compensation:(law)
Compensation(law)

compensation (iou)



compensation noun. LME.
[Old & mod. French from Latin compensatio(n-), formed as COMPENSATE: see -ATION.]
The action of compensating; the condition of being compensated. LME.
W. J. Bate When we cannot attain wealth, and therefore, by compensation, dismiss it as unimportant.
b. Physiology. The counterbalancing of a deficiency by an increase in functional power elsewhere. M19.
c. Electricity. Neutralization of a magnetomotive or electromotive force; correction of an undesired characteristic or effect in a device or circuit. M19.
d. Psychology. (The result of) offsetting a supposed deficiency or a frustration by development of another characteristic. E20.
A thing that compensates or is given to compensate (for); a counterbalancing feature or factor; amends, recompense; spec. money given to compensate loss or injury, or for requisitioned property. L16.
D. Cusack This place [a girls' school] has all the disadvantages of a nunnery with none of the compensations. G. Brown The Germans made available a million pounds for compensation to British subjects for their sufferings under Nazi persecution.
b. Salary, wages, remuneration. N. Amer. L18.
Comb.: compensation-balance, compensation-pendulum: designed so as to neutralize the effects of temperature variation; compensation water: supplied from a reservoir to a stream in time of drought.
compensational adjective E19.