different between compensation vs payroll

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

pay +? roll

Pronunciation

• (UK) IPA^(key): /?pe????l/
• (US) IPA^(key): /?pe??o?l/

Noun

payroll (plural payrolls)

1. A list of employees who receive salary or wages, together with the amounts due to each.
2. The total sum of money paid to employees.
3. (accounting) The calculation of salaries and wages and the deduction of taxes etc.; the department in a company responsible for this.
4. (euphemistic) Bribes paid to people

Synonyms

• (list): paysheet

Related terms

• payslip
• payroll vote

Translations

Verb

payroll (third-person singular simple present payrolls, present participle payrolling, simple past and past participle payrolled)

1. (transitive) To place on a payroll.
   • 1985, The Code of Federal regulations of the United States of America (page 37)

     Grantees may elect to payroll the enrollees through their own payroll system if the payroll system is consistent with regulations contained herein.

Anagrams

• polarly