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Compensation vs Guarantee - What's the difference?

compensation | guarantee |

As nouns the difference between compensation and guarantee

is that compensation is the act or principle of compensating while guarantee is anything that assures a certain outcome.

As a verb guarantee is

to assure that something will get done right.

compensation

English

(wikipedia compensation)

Noun

(en noun)
  • The act or principle of compensating.
    • (Emerson)
  • 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.
  • * Hallam
    • The parliament which dissolved the monastic foundations vouchsafed not a word toward securing the slightest compensation to the dispossessed owners.
  • * Burke
    • No pecuniary compensation can possibly reward them.
  • 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.
  • A recompense or reward for some loss or service.
  • 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.
  • The relationship between air temperature outside a building and a calculated target temperature for provision of air or water to contained rooms or spaces for the purpose of efficient heating. In building control systems the compensation curve is defined to a compensator for this purpose.

    • Synonyms

    * (act of compensating) restitution * (recompense or reward) restitution

    Derived terms

    * overcompensation

    guarantee

    English

    Noun

    (en noun)
  • Anything that assures a certain outcome.
    • Can you give me a guarantee that he will be fit for the match?
  • A written declaration that a certain product will be fit for a purpose and work correctly.
    • The cooker comes with a 5-year guarantee .
  • A person who gives such a guarantee; a guarantor.
    • (South)
  • The person to whom a guarantee is made.

    • Verb

    (d)
  • To assure that something will get done right.
  • To assume responsibility for a debt.
  • To make something certain.
    • The long sunny days guarantee a good crop.

    Synonyms

    * assure * warrant

    Related terms

    * guaranty * guarantor