Definition of Compensation

merces mercedis

(n.)
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 set-off.
  

(n.)
The act or principle of compensating.
  

(n.)
That which constitutes, or is regarded as, an equivalent; that which makes good the lack or variation of something else; that which compensates for loss or privation; amends; remuneration; recompense.
  

(n.)
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.
  

(n.)
A recompense or reward for some loss or service.
  

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compensation
\com`pen*sa"tion\ (?), n. [l. compensatio a weighing, a balancing of accounts.]
1. the act or principle of compensating.
2. that which constitutes, or is regarded as, an equivalent; that which makes good the lack or variation of something else; that which compensates for loss or privation; amends; remuneration; recompense. the parliament which dissolved the monastic foundations vouchsafed not a word toward securing the slightest compensation to the dispossessed owners. no pecuniary compensation can possibly reward them.
3. (law) (a) 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 set-off. (b) a recompense or reward for some loss or service. (c) 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.
compensation
balance, or

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  similar words(5) 

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 compensation balance 
 unemployment compensation 
 workmen`s compensation act 
 workmen`s compensation 
 compensation pendulum 

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Noun
1. something (such as money) given or received as payment or reparation (as for a service or loss or injury)
(hypernym) recompense
(hyponym) overcompensation
(derivation) right, compensate, redress, correct
2. (psychiatry) a defense mechanism that conceals your undesirable shortcomings by exaggerating desirable behaviors
(hypernym) defense mechanism, defense reaction, defence mechanism, defence reaction, defense, defence
(hyponym) overcompensation
(derivation) cover, compensate, overcompensate
(classification) psychiatry, psychopathology, psychological medicine
3. the act of compensating for service or loss or injury
(synonym) recompense
(hypernym) correction, rectification
(hyponym) indemnification
(derivation) compensate, counterbalance, correct, even out, even off, even up

remuneration for work done on behalf of another.

Description: Compensation shall mean payment of damages by a Party who has caused injury to another and must therefore make the other whole.
Source: Convention on Biological Diversity CBD

A term used to encompass the entire range of wages and benefits, both current and deferred, that workers receive out of their employment. In the Employment Cost Index compensation includes the employer's cost of wages and salaries, plus the cost of providing employee benefits (Also see Total Compensation).

An addition of specific materials or devices to counteract a known error.

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The damages recovered for an injury, or the violation of a contract.

Payment to an executor or trustee for services performed under a will or trust.

Chancery Practice. The performance of that which a court of chancery orders to be done on relieving a party who has broken a condition, which is to place the opposite party in no worse situation than if the condition had not been broken.

Courts of equity will not relieve from the consequences of a broken condition, unless compensation can be made to the opposite party.

When a simple mistake, not a fraud, affects a contract, but does not change its essence, a court of equity will enforce it upon making compensation for the error. The principle upon which courts of equity act is by all the authorities brought to the true standard,that though the party had not a title at law because he had not strictly complied with the terms so as to entitle him to an action (as to time for instance), yet if the time, though introduced, as some time must be fixed, where something is to be done on one side as a consideration for something to be done on the other, is not the essence of the contract; a material object to which they looked in the first conception of it, even though the lapse of time has not arisen from accident, a court of equity will compel the execution of the contract upon this ground, that one party is ready to perform and that the other may have performance in substance if he will permit it.

Contracts. A reward for services rendered. When two persons are equally indebted to each other there takes place a compensation between them which extinguishes both debts. Compensation is therefore, a reciprocal liberation between two persons who are creditors and debtors to each other, which liberation takes place instead of payment, and prevents a circuity. Or it may be more briefly defined as follows; compensatio est debiti et crediti intter se contributio.

Compensation takes place, of course, by the more operation of law, even unknown to the debtors the two debts are reciprocally extinguished, as soon as they exist simultaneously, to the, amount of their respective sums. Compensation takes place only between two debts, having equally for their object a sum of money, or a certain quantity of consumable things of one and the same kind, and which are equally liquidated and demandable.

Compensation takes place, whatever be the cause of either of the debts, except in case: 1st. of a demand of restitution of a tbing of which the owner has been unjustly deprived; 2d. of a demand of restitution of a deposit and a loan for use; 3d. of a debt which has for its cause, aliments declared not liable to seizure.

Compensation is of three kinds: 1. legal or by operation of law; 2. compensation by way of exception; and, 3. by reconvention.

Compensation very nearly resembles the set-off of the common law. The principal difference is this, that a set-off, to have any effect, must be pleaded; whereas compensation is effectual without any such plea, only the balance is a debt.

Crim. Law. Compeusatio Crimiuura, Or Recrimination

In cases of suits for divorce on the ground of adultery, a compensation of the crime hinders its being granted; that is, if the defendant proves that the party has also committed adultery, the defendant is absolved as to the matters charged in the libel of the plaintiff.
   

This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.

Sum of money to make up for or make amends for loss, breakage, hardship, inconvenience or personal injury caused by another 

An equivalent advantage that offsets an advantage of the enemy's, for example material vs. development, space vs. superior minor piece, or three pawns vs. knight.

Measures provided to offset adverse impacts to wetlands, including one or more of the following: (a) Mitigation;
  (b) Inclusion of upland areas, beyond any required buffer zones, to maintain upland/wetland habitat diversity;
  (c) Establishment of vegetated littoral zones in on-site open waterbodies;
  (d) Protection of exempt wetlands;
  (e) Restoration of wetlands that have been previously impacted;
  (f) Compensation on off-site lands; and
  (g) Other reasonable measures, such as providing unlike wetland habitat.

Karma (Sanskrit) [from the verbal root kri to do, make, denoting action] Action, the causes and consequences of action; that which produces change. One of the primary postulates of every comprehensive system of philosophy, described as a universal law, unceasingly active throughout universal nature and rooted in cosmic harmony, in its operations existing from eternity, inevitable, inherent in the very nature of things. It is action, absolute harmony, the adjuster; it preserves equilibrium by compensating and adjusting all actions, excessive or defective. Hence it is called the law of retribution, implying neither reward nor punishment, based on nature's own urge of harmonious equilibrium. As such it has been personalized as Nemesis and by many other names, a practice which lends itself to popular imagining of avenging deities, such as God or Gods, Furies, Fates, Destiny, etc. As there are no such things as inanimate beings in the universe, it is not surprising to hear of karmic agents and of scribes or lipika who record karma. Karma must necessarily be transmitted by living beings of one grade or another, because there is no other means possible, and universal nature is but a vast, virtually frontierless being whose entire structure, laws, and operations are the innumerable hierarchies of beings in all-various grades, which thus not only condition nature, but are in fact universal nature itself. By our acts we create living beings which act upon other people and ultimately react upon ourselves. These beings, then, are agents of karma on one plane; on higher planes other orders of beings are such agents.
to be continue "Karma2 "

The process of counterbalancing a lack or a defect of a body of physiologic function. A defense mechanisim