📖 Definitions of "Compensation"
noun
- 1
The act or principle of compensating.
- 2
Something which is regarded as an equivalent; something which compensates for loss.
- 3
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.
- 4
A recompense or reward for service.
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