different between compensation vs income

English

Etymology

Borrowed from Old French compensacion, from Latin compens?ti?nem, accusative singular of compens?ti?.

Pronunciation

• IPA^(key): /?k?mp?n?se???n/

• Rhymes: -e???n

Noun

compensation (countable and uncountable, plural compensations)

1. The act or principle of compensating.

   Synonym: restitution

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

   Synonyms: amends, remuneration, recompense

   • 1827, Henry Hallam, The Constitutional History of England

     The parliament which dissolved the monastic foundations […] vouchsafed not a word toward securing the slightest compensation to the dispossessed owners.

   • 1796, Edmund Burke, a letter to a noble lord

     No pecuniary compensation can possibly reward them.

3. (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.

   Synonym: set-off

4. A recompense or reward for service.

   Synonym: restitution

5. (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.
6. 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.
7. (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).

   Coordinate term: degeneracy

Derived terms

Related terms

• compensate

Translations

Anagrams

• camponotines, companion set

French

Etymology

Borrowed from Latin comp?ns?ti?, comp?ns?ti?nem.

Pronunciation

• IPA^(key): /k??.p??.sa.sj??/

Noun

compensation f (plural compensations)

1. compensation

Related terms

• compenser

English

Etymology

From Middle English income, perhaps continuing (in altered form) Old English incyme (“an in-coming, entrance”), equivalent to in- +? come. Cognate with Dutch inkomen (“income, earnings, gainings”), German Einkommen (“income, earnings, competence”), Icelandic innkváma (“income”), Danish indkomst (“income”), Swedish inkomst (“income”).

Pronunciation

• IPA^(key): /??n?k?m/

Noun

income (countable and uncountable, plural incomes)

1. Money one earns by working or by capitalising on the work of others.
   • 2010 Dec. 4, Evan Thomas, "Why It’s Time to Worry", Newsweek (retrieved 16 June 2013):

     In 1970 the richest 1 percent made 9 percent of the nation’s income; now that top slice makes closer to 25 percent.
2. (business, commerce) Money coming in to a fund, account, or policy.
3. (obsolete) A coming in; arrival; entrance; introduction.
   • 1667, George Rust, A Funeral Sermon, preached at the obsequies of […] Jeremy Lord Bishop of Down

     more abundant incomes of light and strength from God
4. (archaic or dialectal, Scotland) A newcomer or arrival; an incomer.
5. (obsolete) An entrance-fee.
6. (archaic) A coming in as by influx or inspiration, hence, an inspired quality or characteristic, as courage or zeal; an inflowing principle.
7. (Britain dialectal, Scotland) A disease or ailment without known or apparent cause, as distinguished from one induced by accident or contagion; an oncome.
8. That which is taken into the body as food; the ingesta; sometimes restricted to the nutritive, or digestible, portion of the food.

Antonyms

• (money coming in): outgo

Derived terms

Translations

Anagrams

• come in