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compensation

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

Definition

the combination of money and other benefits (= rewards) that an employee receives for doing their job: Annual compensation for our executives includes salary and bonus under our incentive plan.Earning money and money earned 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 (JOB PAYMENT) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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