Compensation vs Pension - What's the difference?
compensation | pension |
The act or principle of compensating.
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
* Burke
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.
A gratuity paid regularly as benefit due to a person in consideration of past services; notably to one retired from service, on account of retirement age, disability or similar cause; especially, a regular stipend paid by a government to retired public officers, disabled soldiers; sometimes passed on to the heirs, or even specifically for them, as to the families of soldiers killed in service.
A stated regular allowance by way of patronage or subsidy, e.g. to meritorious artists, or the like.
Accommodations or the payment for accommodations, especially at a boarding house or small hotel in Europe.
A boarding house or small hotel, as in continental Europe, which offers lodging and certain meals and services.
(dated) A boarding school in France, Belgium, Switzerland, etc.
(archaic) A wage in active service
As nouns the difference between compensation and pension
is that compensation is the act or principle of compensating while pension is guesthouse.compensation
English
(wikipedia compensation)Noun
(en noun)- (Emerson)
- The parliament which dissolved the monastic foundations vouchsafed not a word toward securing the slightest compensation to the dispossessed owners.
- No pecuniary compensation can possibly reward them.
Synonyms
* (act of compensating) restitution * (recompense or reward) restitutionDerived terms
* overcompensationpension
English
Noun
(en noun)- ''Pensioners depend on their pension to pay the bills
- A pension had somewhat less to offer than a hotel; it was always smaller, and never elegant; it sometimes offered breakfast, and sometimes not (John Irving).
