compensation — meaning in English
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English meaning
- compensation noun Money or another benefit given to make up for a loss, injury, or inconvenience.
- indemnity noun Protection against loss or damage, or compensation paid for such loss.
- offset noun Something that balances out or compensates for something else.
- set off phrasal verb To begin a journey or start out towards somewhere.
- trim verb To cut away excess from something to neaten it.
Senses
compensation is used for these senses in English:
- compensation (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.
- indemnity (insurance) A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.
- offset Anything that acts as counterbalance; a compensating equivalent.
- offset (international trade) A form of countertrade arrangement, in which the seller agrees to purchase within a set time frame products of a certain value from the buying country. This kind of agreement may be used in large international public sector contracts such as arms sales.
- set-off (dated) That which is used to improve the appearance of anything; a decoration; an ornament.
- trim (uncountable, aviation, of, an aircraft) The state of adjustment of control surfaces such that the desired attitude can be maintained without requiring the continuous application of force to the cockpit controls.
compensation — full definition
- noun Money or another benefit given to make up for a loss, injury, or inconvenience.
- noun Pay or reward given for work performed.