Compensation

What is Compensation ?

Compensation is (noun) 1. payment for damage or loss The airline refused to pay any compensation for his lost luggage. You must submit a claim for compensation to the insurance company within two weeks. 2. something that makes up for something bad Working in the centre of London has its compensations. Four weeks’ holiday is no compensation for a year’s work in that office.

 

source: Easier English, Student Dictionary Upper Intermediate Level