Compensation
From ACT Wiki
Jump to navigationJump to search
1. Law.
An award of a legally determined and enforceable money amount in respect of loss, injury or damage.
2. Regulation.
Similar awards in a regulatory context.
3. Voluntary payments.
An amount paid voluntarily in a similar context, with or without an admission of legal liability.
4. Employees - US.
Salary and other monetary benefits.
Also known as remuneration.
5. Service providers.
Amounts earned by service providers, directly or indirectly, in relation to their services.