Compensation can refer to... Damages - legal term referring to the financial compensation recoverable by reason of another's breach of duty; the money paid or awarded to a plaintiff Workers' compensation, to protect employees who have incurred work-related injuries. Example is the Radiation Exposure Compensation Act. Remuneration, such as a wage or salary to pay people for their work Executive compensation Deferred compensation Nationalization compensation, compensation paid in the event of… (More on Compensation)