Compensation
Definition 1 of 3
Pro Tip 1/3
Beyond Money
Compensation can be non-financial, such as a favor or a benefit. He asked for extra vacation days as compensation for working weekends.
Pro Tip 2/3
Not Always Fair
Compensation might not fully cover a loss or may seem inadequate to some people. They felt the compensation for the property damage was too low.
Pro Tip 3/3
Legal Context
Compensation is often used in legal settings involving settlements or damages. The company offered compensation to settle the lawsuit out of court.