compensate Meaning in Cambridge Business English Dictionary
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Meaning of "compensate" - Business English Dictionary

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compensate

verb
 
 
/ˈkɒmpənseɪt/
[T] LAW, INSURANCE to pay someone money for something that has been lost or damaged: The government may compensate workers whose pensions have been lost. Farmers will be compensated for any animals that are slaughtered.
[T] HR, WORKPLACE to pay someone money for work that has been done: Corporations often rely on stock options to compensate executives. Employees must be compensated for any extra hours worked.
[I] to provide something to reduce the effect of something that has been lost or damaged: The company is planting trees to compensate for the greenhouse gas generated by airplane flights.
(Definition of compensate from the Cambridge Business English Dictionary © Cambridge University Press)
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