compensation

Indemnification; payment of damages; making amends; making whole; giving an equivalent or substitute of equal value. That which is necessary to restore an injured party to his former position.

Remuneration for services rendered, whether in salary, fees, or commissions.

Consideration or price of a privilege purchased. Equivalent in money for a loss sustained; equivalent given for property taken or for an injury done to another; giving back an equivalent in either money which is but the measure of value, or in actual value otherwise conferred; recompense in value; recompense or reward for some loss, injury, or service, especially when it is given by statute; remuneration for the injury directly and proximately caused by a breach of contract or duty; remuneration or satisfaction for injury or damage of every description (including medical expenses).

An act which a court orders to be done, or money which a court or other tribunal orders to be paid, by a person whose acts or omissions have caused loss or injury to another, in order that thereby the person damnified may receive equal value for his loss, or be made whole in respect of his injury. Hughson Condensed Milk Co. v. State Board of Equalization, 23 Cal.App.2d 281, 73 P.2d 290, 292.

See also damages.

See also accrued compensation

- commission

- daily rate of pay

- deferred compensation

- fee

- golden parachute

- incentive pay plans

- profit-sharing plan

- salary

- unreasonable compensation

- wages.

Eminent domain.

Payment to owners of lands taken or injured by the exercise of the power of eminent domain.

See just compensation.

@ unemployment and workers' compensation

Payments to an unemployed or injured worker or his dependents.

See Workers' Compensation Acts

@ compensation period

Period fixed by unemployment or worker's compensation statutes during which unemployed or injured worker is to receive compensation

@