compensation
/ˌkɒmpɛnˈseɪʃn/Payment or reward for work done or for a loss suffered.
The company provided compensation to the employees who were affected by the layoff.
The workers received fair compensation for their labor.
In law, compensation refers to the act of giving something to someone to make up for a loss or injury.
The court ordered compensation to be paid to the victim's family.
In business, compensation can refer to the package of benefits and salary provided to an employee.
The company offers a competitive compensation package to attract top talent.
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💡Pro Tip
Contextual understanding
Understanding the context in which 'compensation' is used is crucial to grasp its intended meaning.
⚡Gold Rule
Collocation usage
When using 'compensation' in a sentence, consider common collocations like 'fair compensation' or 'compensation package' to convey the intended meaning effectively.
📖Word Origin
From Latin 'compensare', meaning 'to weigh together', from 'com-' (together) and 'pensare' (to weigh).
📝Usage Notes
The term 'compensation' is commonly used in various contexts, including business, law, and everyday conversation. It's essential to consider the context to understand the specific meaning intended.