What does it mean if something is compensated?

What does compensated mean mean?

verb. to make amends to (someone), esp for loss or injury. (tr) to serve as compensation or damages for (injury, loss, etc) to offset or counterbalance the effects of (a force, weight, movement, etc) so as to nullify the effects of an undesirable influence and produce equilibrium.

What does compensate mean example?

To compensate is to pay someone for services performed, to repay someone for some wrong or that something positive exists to make up for something negative. An example of compensate is when you pay the guy who mowed your lawn.

What is the simple definition of compensation ‘?

noun. the act or state of compensating, as by rewarding someone for service or by making up for someone’s loss, damage, or injury by giving the injured party an appropriate benefit. the state of being compensated or rewarded in this way.

What does it mean when a patient is compensated?

Medical Definition of compensated

: buffered so that there is no change in the pH of the blood compensated acidosis compensated alkalosis — compare uncompensated.

What does compensation mean in business?

Typically, compensation refers to monetary payment given to an individual in exchange for their services. In the workplace, compensation is what is earned by employees. It includes salary or wages in addition to commission and any incentives or perks that come with the given employee’s position.

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Does compensation always mean money?

compensation Add to list Share. … Compensation can also be money, a payment meant to give someone a fair exchange for their effort and output. In fact, the word comes from the Latin word compensat-, meaning “weighed against.” If you receive fair compensation for your work, the money is equal to your time and effort.

What does it mean when a guy is compensating?

Word forms: compensates, compensating, compensated. transitive verb. To compensate someone for money or things that they have lost, means to pay them money or give them something to replace those things.

How compensation is determined?

Your Current Compensation Is Determined by These Factors

Essentially, it’s a combination of the value of your pay, vacation, bonuses, health insurance, and any other perk you may receive, such as free lunches, free events, and parking. These components are encompassed when you define compensation.

What does it mean to receive compensation?

Compensation is the total cash and non-cash payments that you give to an employee in exchange for the work they do for your business. … Compensation is more than an employee’s regular paid wages. It also includes many other types of wages and benefits.

What compensation means in law?

A pecuniary remedy that is awarded to an individual who has sustained an injury in order to replace the loss caused by said injury, such as Workers’ Compensation. Wages paid to an employee or, generally, fees, salaries, or allowances.