legal definition of compensation

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com·pen·sa·tion
[ˌkämpənˈsāSH(ə)n]
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NOUN
compensation (noun) · compensations (plural noun)

something, typically money, awarded to someone as a recompense for loss, injury, or suffering:
"seeking compensation for injuries suffered at work" ·
"a compensation claim"
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synonyms:
recompense · repayment · payment · reimbursement · remuneration · requital · indemnification · indemnity · redress · satisfaction · damages · reparations · guerdon · meed · solatium
the action or process of awarding someone money as a recompense for loss, injury, or suffering:
"the compensation of victims"
synonyms:
payment · settlement · damages
NORTH AMERICAN
the money received by an employee from an employer as a salary or wages.
synonyms:
salary · wages · wage · pay · earnings · fee(s) · remuneration · take-home pay · gross/net pay · rate · price · hire · stipend · emolument(s) ·
honorarium · allowance · handout · recompense · reimbursement · reward · income · revenue · profit(s) · proceeds · takings · gain · lucre
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something that counterbalances or makes up for an undesirable or unwelcome state of affairs:
"the gray streets of London were small compensation for the loss of her beloved Africa" ·
"getting older has some compensations"
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synonyms:
counterbalance · equipoise · counterweight · stabilizer · recompense · ballast · makeweight · countercheck
psychology
the process of concealing or offsetting a psychological difficulty by developing in another direction.
ORIGIN
late Middle English: via Old French from Latin compensatio(n-), from the verb compensare ‘weigh against’ (see compensate).
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What is compensation and how is it determined?
What is compensation and how is it determined?
Compensation is defined as the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required. Essentially, it's a combination of the value of your pay, vacation, bonuses, health insurance, and any other perk you may receive, such as free lunches, free events, and parking.
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What is universal law of compensation?
The universal law of compensation states simply “You get back what you give to others”. If you've ever heard the saying “misery loves company” for example, it highlights this law quite well. When people are miserable they tend to complain a lot, and that often brings those around them down.
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What is compensation in law?
This compensation is the legal right of anyone who has suffered monetary losses or injury due to another person's actions. Any type of financial award won by a plaintiffs personal injury attorney, handed down from a judge or jury in a lawsuit, will be called compensation.
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Compensation legal definition of compensation
https://legal-dictionary.thefreedictionary.com/compensation
compensation. 1 a monetary payment for loss or damage. 2 in Scotland, the right to set off one debt against another with the effect of reducing the one by the amount of the other. The right is …
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20 CFR § 211.2 - Definition of compensation. | CFR | US …
https://www.law.cornell.edu/cfr/text/20/211.2
(a) The term compensation means any form of payment made to an individual for services rendered as an employee for an employer; services performed as an employee representative; …
Compensation Law and Legal Definition | USLegal, Inc.
https://definitions.uslegal.com/c/compensation
Compensation Law and Legal Definition. Compensation in the employment context is defined as all rewards received by a worker for duty and services rendered related to a job. This may …
Compensation Definition: 24k Samples | Law Insider
https://www.lawinsider.com/dictionary/compensation
Compensation means (i) the total compensation paid in cash to a Participant by a Participating Company, including salaries, wages, bonuses, incentive compensation, commissions, overtime …
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Compensation Definition & Meaning - Merriam-Webster
https://www.merriam-webster.com/dictionary/compensation
Legal Definition compensation noun com· pen· sa· tion ˌkäm-pən-ˈsā-shən 1 : the act of compensating 2 in the civil law of Louisiana : the ending of mutual obligations between two …
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Compensation is the remuneration awarded to an employee in exchange for their services or individual contributions to your business. The contributions can be their time, knowledge, …
Compensation Law Definition | Law Insider
https://www.lawinsider.com/dictionary/compensation-law
Compensation Law means any law under which benefits are paid to a person as compensation for the effects of bodily injury, without regard to fault, because of that person’s status as an …
Compensate legal definition of compensate
https://legal-dictionary.thefreedictionary.com/compensate
compensation 1 a monetary payment for loss or damage. 2 in Scotland, the right to set off one debt against another with the effect of reducing the one by the amount of the other. The right is …
Definition of compensation. - LII / Legal Information …
https://www.law.cornell.edu/cfr/text/26/1.414(s)-1
A definition of compensation satisfies section 414(s) as a reasonable definition of compensation even though it defines the amount of each employee's basic or regular compensation using …
Compensation culture legal definition of compensation …
https://legal-dictionary.thefreedictionary.com/compensation+culture
a system in which people are very ready to go to law over even relatively minor incidents in the hope of gaining compensation, often used in a vituperative or derisory sense. In that the law of …
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