noun

1. The act or principle of compensating.

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

3. 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.

Synonyms: restitution, restitution, amends, recompense, remuneration, set-off