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American Dictionary of the English Language

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Compensation


COMPENSATION, noun

1. That which is given or received as an equivalent for services, debt, want, loss, or suffering; amends; remuneration; recompense.

All other debts may compensation find.

The pleasures of life are no compensation for the loss of divine favor and protection.

2. In law, a set-off; the payment of a debt by a credit of equal amount.