- 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. - 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.
Overcompensation Overcompensation refers to [producing a greater effort than is needed to overcome a difficulty or resolve a defect. Often used in connection with attempts to overcome Overcompensation refers to [producing a greater effort than is needed to overcome a difficulty or resolve a defect. Often used in connection with attempts to overcome
Workers compensation insurance Workers compensation insurance which it pays part of an employee’s wage or salary plus medical expenses, and any necessary rehabilitation, retraining, job placement, or counseling, if a worker is accidentally injured on the job or contracts a job-related disease.
Partial compensation Partial compensation is an arrangement in which the delivery of goods to one party is partially compensated for by buying back a certain amount of ...
Full compensation Full compensation is an arrangement in which the delivery of goods to one party is fully compensated for by buying back more than 100 percent of the ...
Compensation agreement Compensation agreement refers to an agreement by an exporter of plant or equipment to take compensation in the form of future output from that plant.
Compensation Compensation amount employees are paid in money and benefits.
Total compensation Total compensation is the complete pay package awarded employees on an annual basis, including all forms of money, benefits, services and in-kind payments.
Sales compensation Sales compensation is a compensation system designed for individuals employed in managerial sales or sales representative positions. Individuals are paid on a
Indirect compensation Indirect compensation that is not paid directly to an employee and is calculated in addition to base salary and incentive pay (i.e., health/dental/vision insurance, vacation,
Global compensation Global compensation can be defined as pay practices relating to employees who are working on assignments in international locations. A service premium and additional
Definition
[ n.]