A lump sum that is usually paid to the injured party from time to time over a specific period of time or depending on the nature and extent of the injury is not limited. Payment is usually made in installments, but sometimes it can be paid in a lump sum. Often, in the case of employee compensation.
Literal Meanings of COMPENSATION AWARD
Meanings of COMPENSATION:
Some, usually money, is given to someone as compensation for a loss, injury or distress.
Sentences of COMPENSATION
The right to compensation for injuries at work
Synonyms of COMPENSATION
recompense, repayment, payment, reimbursement, remuneration, requital, indemnification, indemnity, redress, satisfaction
Meanings of AWARD:
Delivery or order (of something) as a legal payment, compensation or (someone's) thanks
Awards or other recognition awards for achievements.
Sentences of AWARD
Purple is the heart
Company's annual award for quality service
Synonyms of AWARD
give, grant, prize, trophy, medal