/ ˌkɒmpenˈseɪʃn; NAmE ˌkɑːm-/ noun compensation (for sth)
1.
[ U , C ] something, especially money, that sb gives you because they have hurt you, or damaged sth that you own; the act of giving this to sb :
to claim / award / receive compensation
to pay compensation for injuries at work
to receive £10 000 in compensation .
2.
[ C , usually pl. ] things that make a bad situation better :
I wish I were young again, but getting older has its compensations.
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WORD ORIGIN
late Middle English : via Old French from Latin compensatio(n-) , from the verb compensare weigh against, from com- together + pensare (frequentative of pendere weigh).