noun

compensation

compensation, payment, remuneration

He received compensation for his injuries.

He received compensation for his injuries.

The job offers a competitive compensation package.

The job offers a competitive compensation package.

((compensation)) ((for sth.)) payment for something He received compensation for the damage.

Synonyms: payment, reimbursement, remuneration

From the verb 'compensate' plus the noun suffix '-ation', meaning 'the act of compensating'.

Think of 'worker's compensation,' which is money paid to an injured worker.

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