say it: kahm-puhn-SAY-shuhn
compensation is a noun meaning "something (such as money) given or received as payment or reparation (as for a service or loss or injury)". It carries 3 recorded senses.
something (such as money) given or received as payment or reparation (as for a service or loss or injury)
(psychiatry) a defense mechanism that conceals your undesirable shortcomings by exaggerating desirable behaviors
psychiatry
the act of compensating for service or loss or injury
Forms marked · are formed by the regular rule rather than recorded in the source data. English keeps a few hundred irregulars and the rest follow the pattern, so the rule is right far more often than not — but it is a rule, and the mark says so.
Definitions, synonyms and semantic relations for compensation come from Princeton University’s WordNet. The pronunciation comes from the CMU Pronouncing Dictionary. Commonness is measured against a corpus of everyday English. Full sources and licences.