Compensation Fund

Compensation Fund,

Compensation Fund:

The definition of Compensation Fund is: Funds created by a company or organization that prepares people to make payments who have suffered loss or difficulty due to employees or members of the company or organization.

Literal Meanings of Compensation Fund

Compensation:

Meanings of Compensation:
  1. Some, usually money, is given to someone as compensation for loss, injury or distress.

Sentences of Compensation
  1. The right to compensation for those injured at work

Synonyms of Compensation

reimbursement, satisfaction, requital, recompense, repayment, indemnity, remuneration, indemnification, redress, payment

Fund:

Meanings of Fund:
  1. The amount of savings or money available for a specific purpose.

  2. Pay for a specific purpose.

Sentences of Fund
  1. Created a fund to coordinate economic investment

  2. The World Bank refused to finance the project

Synonyms of Fund

finance, back, support, provide capital for, pool, purse, capitalize, subsidize, kitty, pay for, collection, underwrite, sponsor, float, provide finance for, be a patron of, maintain, endow, put up the money for, reserve