Definition of compensation

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Compensation (n.) 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..

Lern More About Compensation

Retribution :: Retribution (n.) That which is given in repayment or compensation; return suitable to the merits or deserts of, as an action; commonly, condign punishment for evil or wrong..
Extra :: Extra (n.) Something in addition to what is due, expected, or customary; something in addition to the regular charge or compensation, or for which an additional charge is made; as, at European hotels lights are extras..
Board :: Board (n.) To place at board, for compensation; as, to board one's horse at a livery stable..
Pilotage :: Pilotage (n.) The compensation made or allowed to a pilot.
Factorage :: Factorage (n.) The allowance given to a factor, as a compensation for his services; -- called also a commission..
Reparation :: Reparation (n.) The act of making amends or giving satisfaction or compensation for a wrong, injury, etc.; also, the thing done or given; amends; satisfaction; indemnity..
Hire :: Hire (n.) To grant the temporary use of, for compensation; to engage to give the service of, for a price; to let; to lease; -- now usually with out, and often reflexively; as, he has hired out his horse, or his time..
Consideration :: Consideration (n.) The cause which moves a contracting party to enter into an agreement; the material cause of a contract; the price of a stripulation; compensation; equivalent.
Pittance :: Pittance (n.) A meager portion, quantity, or allowance; an inconsiderable salary or compensation..
Schooling :: Schooling (n.) Compensation for instruction; price or reward paid to an instructor for teaching pupils.
Broker :: Broker (v. t.) An agent employed to effect bargains and contracts, as a middleman or negotiator, between other persons, for a compensation commonly called brokerage. He takes no possession, as broker, of the subject matter of the negotiation. He generally contracts in the names of those who employ him, and not in his own..
Owe :: Owe (v.) Hence: To have or be under an obigation to restore, pay, or render (something) in return or compensation for something received; to be indebted in the sum of; as, the subject owes allegiance; the fortunate owe assistance to the unfortunate..
Livery :: Livery (n.) The feeding, stabling, and care of horses for compensation; boarding; as, to keep one's horses at livery..
Board :: Board (n.) To furnish with regular meals, or with meals and lodgings, for compensation; to supply with daily meals..
Hire :: Hire (n.) To procure (any chattel or estate) from another person, for temporary use, for a compensation or equivalent; to purchase the use or enjoyment of for a limited time; as, to hire a farm for a year; to hire money..
Restitution :: Restitution (v.) That which is offered or given in return for what has been lost, injured, or destroved; compensation..
Give :: Give (n.) To bestow without receiving a return; to confer without compensation; to impart, as a possession; to grant, as authority or permission; to yield up or allow..
Manbote :: Manbote (n.) A sum paid to a lord as a pecuniary compensation for killing his man (that is, his vassal, servant, or tenant)..
Fee :: Fee (n.) Reward or compensation for services rendered or to be rendered; especially, payment for professional services, of optional amount, or fixed by custom or laws; charge; pay; perquisite; as, the fees of lawyers and physicians; the fees of office; clerk's fees; sheriff's fees; marriage fees, etc..
Compensation :: Compensation (n.) 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..
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