compensation
US /ˌkɑːmpenˈseɪʃn/
Definition
something (such as money) given or received as payment or reparation (as for a service or loss or injury)
Tested in TOEIC business and workplace contexts.
Examples
The company offers a competitive compensation package that includes health insurance and annual bonuses.
Word Family
Synonyms
- remunerationsomething that remunerates
- recompensepayment or reward (as for service rendered)
Collocations
- Easy receive modest travel insurance mishap compensationto receive modest travel insurance mishap compensation, meaning to get something; come into possession of
- Medium restructure executive deferred incentive compensation packagesto restructure executive deferred incentive compensation packages, meaning to construct or form anew or provide with a new structure
- Hard maintain statutory workers' injury compensation solvency reservesto keep in good condition or preserve regarding statutory workers' injury compensation solvency reserves
- Very Hard meager compensation offered for supreme selfless sacrificesdescribing meager compensation offered for supreme selfless sacrifices (deficient in amount or quality or extent)
Learner's English edition · Curated definitions for TOEIC learners.