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8 definitions found
 for compensation
From The Collaborative International Dictionary of English v.0.48 :

  Compensation \Com`pen*sa"tion\, n. [L. compensatio a weighing, a
     balancing of accounts.]
     1. The act or principle of compensating. --Emerson.
        [1913 Webster]
  
     2. 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.
        [1913 Webster]
  
              The parliament which dissolved the monastic
              foundations . . . vouchsafed not a word toward
              securing the slightest compensation to the
              dispossessed owners.                  --Hallam.
        [1913 Webster]
  
              No pecuniary compensation can possibly reward them.
                                                    --Burke.
        [1913 Webster]
  
     3. (Law)
        (a) 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. --Bouvier.
            --Wharton.
        (b) A recompense or reward for some loss or service.
        (c) 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.
            [1913 Webster]
  
     Compensation balance, or Compensated balance, a kind of
        balance wheel for a timepiece. The rim is usually made of
        two different metals having different expansibility under
        changes of temperature, so arranged as to counteract each
        other and preserve uniformity of movement.
  
     Compensation pendulum. See Pendulum.
  
     Syn: Recompense; reward; indemnification; consideration;
          requital; satisfaction; set-off.
          [1913 Webster]

From WordNet (r) 3.0 (2006) :

  compensation
      n 1: something (such as money) given or received as payment or
           reparation (as for a service or loss or injury)
      2: (psychiatry) a defense mechanism that conceals your
         undesirable shortcomings by exaggerating desirable behaviors
      3: the act of compensating for service or loss or injury [syn:
         recompense, compensation]

From Moby Thesaurus II by Grady Ward, 1.0 :

  136 Moby Thesaurus words for "compensation":
     alienation, amends, atonement, autism, autistic thinking,
     avoidance mechanism, base pay, blame-shifting, blood money,
     comeuppance, composition, compromise, consideration, correction,
     damages, decompensation, defense mechanism, dereism,
     dereistic thinking, desert, deserts, dismissal wage, displacement,
     dissociation, earnings, emotional insulation, escalator clause,
     escalator plan, escape, escape into fantasy, escape mechanism,
     escapism, expiation, expiatory offering, fantasizing, fantasy,
     financial remuneration, fixing, flight, gross income,
     guaranteed annual wage, guerdon, hire, honorarium, income,
     indemnification, indemnity, isolation, just deserts, living wage,
     making amends, making good, making right, making up, meed, mending,
     minimum wage, negativism, net income, overcompensation, overhaul,
     overhauling, pay, pay and allowances, paying back, payment,
     payroll, peace offering, penal retribution, penalization, penalty,
     penance, piaculum, portal-to-portal pay, price, projection,
     propitiation, psychotaxis, punishment, purchasing power, quittance,
     rationalization, real wages, reclamation, recompense,
     rectification, redemption, redress, refund, reimbursement, remedy,
     remuneration, repair, repairing, reparation, repayment, reprisal,
     requital, requitement, resistance, restitution, retribution,
     return, revenge, reward, salary, salvage, satisfaction,
     severance pay, sliding scale, smart money,
     sociological adjustive reactions, solatium, squaring, sublimation,
     substitution, take-home, take-home pay, taxable income,
     total compensation, troubleshooting, wage, wage control,
     wage freeze, wage reduction, wage rollback, wage scale, wages,
     wages after deductions, wages after taxes, wergild, what is due,
     what is merited, wish-fulfillment fantasy, wishful thinking,
     withdrawal
  
  

From Bouvier's Law Dictionary, Revised 6th Ed (1856) :

  COMPENSATION, chancery practice. The performance of that which a court of 
  chancery orders to be done on relieving a party who has broken a condition, 
  which is to place the opposite party in no worse situation than if the 
  condition had not been broken. 
       2. Courts of equity will not relieve from the consequences of a broken 
  condition, unless compensation can be made to the opposite party. Fonb. c. 
  6; s. 51 n. (k) Newl. Contr: 251, et. seq. 
       3. When a simple mistake, not a fraud, affects a contract, but does not 
  change its essence, a court of equity will enforce it, upon making 
  compensation for the error, The principle upon which courts of equity act," 
  says Lord Chancellor Eldon, "is by all the authorities brought to the true 
  standard, that though the party had not a title at law, because he had not 
  strictly complied with the terms so as to entitle him to an action, (as to 
  time for instance,) yet if the time, though introduced, as some time must be 
  fixed, where something is to be done on one side, as a consideration for 
  something to be done on the other, is not the essence of the contract; a 
  material object, to which they looked in the first conception of it, even 
  though the lapse of time has not arisen from accident, a court of equity 
  will compel the execution of the contract upon this ground, that one party 
  is ready to perform, and that the other ma, have performance in substance if 
  he will permit it." 13 Ves. 287. See 10 Ves. 505; 13 Ves. 73, 81, 426; 6 
  Ves. 675; 1 Cox, 59.   
  
  

From Bouvier's Law Dictionary, Revised 6th Ed (1856) :

  COMPENSATION, crim. law; Compensatio criminura, or recrimination (q.v.) 
       2. In cases of suits for divorce on the ground of adultery, a 
  compensation of the crime hinders its being granted; that is, if the 
  defendant proves that the party has also committed adultery, the defendant 
  is absolved as to the matters charged in the libel of the plaintiff. Ought. 
  tit. 214, Pl. 1; Clarke's Prax. tit. 115; Shelf. on Mar. & Div. 439; 1 Hagg. 
  Cons. R. 148. See Condonation; Divorce. 
  
  

From Bouvier's Law Dictionary, Revised 6th Ed (1856) :

  COMPENSATION, remedies. The damages recovered for an injury, or the 
  violation of a contract.. See Damages. 
  
  

From Bouvier's Law Dictionary, Revised 6th Ed (1856) :

  COMPENSATION, contracts. A reward for services rendered.
  
  

From Bouvier's Law Dictionary, Revised 6th Ed (1856) :

  COMPENSATION, contracts, civil law. When two persons are equally indebted to 
  each other, there takes place a compensation between them, which 
  extinguishes both debts. Compensation is, therefore, a reciprocal liberation 
  between two persons who are creditors and debtors to each other, which 
  liberation takes place instead of payment, and prevents a circuity. Or it 
  may be more briefly defined as follows; compensatio est debiti et crediti 
  intter se contributio. 
       2. Compensation takes places, of course, by the mere operation of law, 
  even unknown to the debtors the two debts are reciprocally extinguished, as 
  soon as they exist simultaneously, to the, amount of their respective sums. 
  Compensation takes place only between two debts, having equally for their 
  object a sum of money, or a certain quantity of consumable things of one and 
  the same kind, and which are equally liquidated and demandable. Compensation 
  takes place, whatever be the cause of either of the debts, except in case, 
  1st. of a demand of restitution of a thing of which the owner has been 
  unjustly deprived; 2d. of a demand of restitution of a deposit and a loan 
  for use; 3d. of a debt which has for its cause, aliments declared not liable 
  to seizure. Civil Code of. Louis. 2203 to 2208. Compensation is of three 
  kinds: 1. legal or by operation of law; 2. compensation by way of exception; 
  and, 3. by reconvention. 8 L. R. 158; Dig. lib. 16, t. 2; Code, lib. 4, t. 
  31; Inst. lib. 4, t' 6, s. 30; Poth. Obl. partie. 3eme, ch. 4eme, n. 623; 
  Burge on Sur., Book 2, c. 6, p. 181. 
       3. Compensation very nearly resembles the set-off (q.v.) of the common 
  law. The principal difference is this, that a set-off, to have any effect, 
  must be pleaded; whereas compensation is effectual without any such plea, 
  only the balance is a debt.  2 Bouv. Inst. n. 1407. 
  
  

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