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.

Noun

(en noun)

Something given in exchange for goods or services rendered.

* {{quote-book

, year=1885) , author=H. Rider Haggard , title=King Solomon's Mines , chapter=2 citation , passage=“Mr. Quatermain,” said the former, “I am well off, and I am bent upon this business. You may put the remuneration for your services at whatever figure you like in reason, and it shall be paid over to you before we start. Moreover, I will arrange in the event of anything untoward happening to us or to you, that your son shall be suitably provided for. You will see from this offer how necessary I think your presence. Also if by chance we should reach this place, and find diamonds, they shall belong to you and Good equally. I do not want them. But of course that promise is worth nothing at all, though the same thing would apply to any ivory we might get. You may pretty well make your own terms with me, Mr. Quatermain; and of course I shall pay all expenses.”}}

A payment for work done; wages, salary, emolument.

A recompense for a loss; compensation.