Compensation vs. Refund — What's the Difference?

The act of compensating or the state of being compensated.

To give back, especially money; return or repay

Something, such as money, given or received as payment or reparation, as for a service or loss.

To make repayment.

(Biology) The increase in size or activity of one part of an organism or organ that makes up for the loss or dysfunction of another.

A repayment of funds.

(Psychology) The act of consciously or unconsciously changing one's behavior to offset a real or imagined deficiency, as in personality or physical ability.

An amount repaid.

The act or principle of compensating.

(transitive) To return (money) to (someone); to reimburse.

Something which is regarded as an equivalent; something which compensates for loss.

To supply (someone) again with funds.

(finance) The extinction of debts of which two persons are reciprocally debtors by the credits of which they are reciprocally creditors; the payment of a debt by a credit of equal amount.

To pour back (something).

A recompense or reward for service.

An amount of money returned.

(real estate) An equivalent stipulated for in contracts for the sale of real estate, in which it is customary to provide that errors in description, etc., shall not avoid, but shall be the subject of compensation.

To fund again or anew; to replace (a fund or loan) by a new fund; as, to refund a railroad loan.

The relationship between air temperature outside a building and a calculated target temperature for provision of air or water to contained rooms or spaces for the purpose of efficient heating. In building control systems, the compensation curve is defined to a compensator for this purpose.

To pour back.

(neuroscience) The ability of one part of the brain to overfunction in order to take over the function of a damaged part (e.g. following a stroke).

To give back; to repay; to restore.

The act or principle of compensating.

To supply again with funds; to reimburse.

That which constitutes, or is regarded as, an equivalent; that which makes good the lack or variation of something else; that which compensates for loss or privation; amends; remuneration; recompense.

Money returned to a payer

The extinction of debts of which two persons are reciprocally debtors by the credits of which they are reciprocally creditors; the payment of a debt by a credit of equal amount; a set-off.

The act of returning money received previously

Something (such as money) given or received as payment or reparation (as for a service or loss or injury)

Pay back;

(psychiatry) a defense mechanism that conceals your undesirable shortcomings by exaggerating desirable behaviors

The act of compensating for service or loss or injury