compensation

IPA: kɑmpʌnsˈeɪʃʌn

The act or principle of compensating.
Something which is regarded as an equivalent; something which compensates for loss.
(finance) 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 recompense or reward for service.
(real estate) 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.
The relationship between air temperature outside a building and a calculated target temperature for provision of air or water to contained rooms or spaces for the purpose of efficient heating. In building control systems, the compensation curve is defined to a compensator for this purpose.
(neuroscience) The ability of one part of the brain to overfunction in order to take over the function of a damaged part (e.g. following a stroke).

Examples of "compensation" in Sentences

Part of my compensation is my health care benefits.
Then anything I pay out in compensation is a cost to me.
The paper you quoted used the term compensation, but did not say what compensation meant.
The justice secretary, Ken Clarke, has justified the reforms as a means of doing away with what he describes as the compensation culture encouraged by the last Labour government.
Permission from a licensing body such as ASCAP is what I termed compensation: they don't discriminate in a value-neutral sense as to who can and can't use it, they just take the money.
Six months passed, and then came word that our rich artist desired to sell his little _pied-a-terre_; but he demanded the price he had given for it, and, moreover, what he called compensation for the buildings he had added.
"Scientology lawyers are believed to be drawing up a lawsuit seeking GBP50m in compensation from the publishers of an unauthorised biography of Tom Cruise written by Princess Diana's biographer, Andrew Morton" - The Bookseller
The argument that someone who has been sentenced to 120 hours of community service for assault occasioning actual bodily harm, and ordered her to pay her victim £500 in compensation, is not a particularly admirable figure is nowhere put.