Entry Word: compensation

Function: noun

Meaning: 1 payment to another for a loss or injury <a warehouse worker who received a large compensation for his crippling injury while on the job>

Synonyms damages, indemnification, indemnity, quittance, recompense, recoupment, redress, remuneration, reparation, requital, restitution, satisfaction

Related Words amends, atonement, expiation; refund, reimbursement, repayment; adjustment, settlement; punishment, reprisal, retaliation

2 something (as money) that is given or received in return for goods or services <fair compensation for his work on the project> — see payment 2
3 the act of offering money in exchange for goods or services <his compensation was greatly appreciated> — see payment 1