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Compensation
/ˌkɒmpənˈseɪʃən/
Compensation is money or other benefits given for a loss, injury, or work done.
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Examples:
He received compensation for his broken phone.She asked for compensation after the job delay.
Etymology:
The word compensation originates from the Latin compensare, meaning to weigh together or balance. It was adopted into Middle French as compensation and later entered Middle English in the late 14th century.