(something given for) compensating
repayment; rectification
Cases of word usage
1) (an instance of, payment given for) security against damage or loss, or as compensation (indemnity)
2) compensation for a wrong; to set (a wrong) right again (redress)
3) compensation (for loss or damage) (reparation)
4) the state of feeling pleased or contented; (an opportunity of getting) revenge or compensation for an injury or insult (satisfaction)