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compensation

noun [U] (MONEY)
 
 
/ˌkɒm.penˈseɪ.ʃən/ US  /ˌkɑːm-/

Definition

money that is paid to someone in exchange for something that has been lost or damaged or for some problem: She received £40,000 in compensation for a lost eye. You should claim/seek compensation. a compensation claimCosts and expenses compensatory
 
 
/ˌkɒm.pənˈseɪt.əri/ US  /kəmˈpen.səˌtɔːri/ adjective
mainly US He was awarded $3 million in compensatory damages.Court cases, orders and decisions
(Definition of compensation noun (MONEY) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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