compensation

/ˌkäm-pən-ˈsā-shən/

noun

  1. the act of compensating : the state of being compensated

  2. correction of an organic defect or loss by hypertrophy or by increased functioning of another organ or unimpaired parts of the same organ

  3. a psychological mechanism by which feelings of inferiority, frustration, or failure in one field are counterbalanced by achievement in another

noun

  1. compensation paid at regular intervals (as by a government agency) to an unemployed worker and especially one who has been laid off —called also unemployment benefit

noun

  1. a system of insurance that reimburses an employer for damages that must be paid to an employee for injury occurring in the course of employment