monetary compensation

Money for damages

Monetary compensation is payment in the form of money, as opposed to goods, services, or other benefits.

The phrase appears most often in legal, employment, and insurance contexts: The jury awarded monetary compensation for pain and suffering.

It emphasizes that the remedy is financial rather than some other form of redress or settlement.

Related

reparations · severance pay · golden parachute · signing bonus · restitution · bonus · interest payment · dividend · hazard pay · combat pay · settlement · indemnity · overtime pay · unemployment benefit · profit share · grant · pension · commission

Categories
Opposites
type of restitution

monetary compensationapology

Statement acknowledging wrongdoing

symbolic gesture · admission of guilt · formal apology · moral reckoning · public censure

economic flow

monetary compensationmonetary penalty

Mandated payment for wrongdoing

financial penalty · fine · financial loss · payment · forfeiture

form of exchange

monetary compensationunpaid labor

Work done without payment

slave labor · volunteer work · indentured servitude · barter · pro bono work

Family

monetary, compensation, money, monetize, monetization, monetized, monetizing, monied, moneyed

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Rated G