Compensation – payment of damages, or any other act that a court orders to be done by a person who has caused injury to another, in theory making the injured person whole, or remuneration for services rendered (i.e. salary, wages)

Notice:  Generally, the term compensation is used in three forms; the first set of definitions below pertains to remuneration for services and redress for property taken or injury caused by the taking of property under the power of eminent domain, the second set of definitions in regard to worker’s compensation, and the third in regard to … Continue reading Compensation – payment of damages, or any other act that a court orders to be done by a person who has caused injury to another, in theory making the injured person whole, or remuneration for services rendered (i.e. salary, wages)