Denied Boarding Compensation: Compensation (money, free flight, or hotel accommodations) provided to an involuntarily bumped airline passenger with a confirmed reservation.

 

Related Words

Denied Boarding Compensation: Compensation (money, free flight, or hotel accommodations) provided to an involuntarily bumped airline passenger with a confirmed reservation.

Lender Paid Compensation To Broker: This is also called the Yield Spread Premium. Fee which the lender pays to the mortgage broker for obtaining the loan for his client.

Loudness Compensation: When played quietly, this switched circuit allows fuller apparent sound from a system such that the tendancy for human hearing sensitivity to drop off at certain frequencies is compensated a . . . View Full Definition

Infrared Compensation Index: Used to compensate the focus for black and white infrared film. Color ir film generally does not require compensation.

Mutual Compensation: The concept that carriers must pay when they terminate traffic on the networks of carriers with which they are interconnected.

Indirect Compensation: Compensation that is not paid directly to an employee and is calculated in addition to base salary and incentive pay (i.e., health/dental/vision insurance, vacation, retirement benefits, edu . . . View Full Definition

Global Compensation: Pay practices relating to employees who are working on assignments in international locations. A service premium and additional incentives are often included in the compensation package to o . . . View Full Definition

Overcompensation: A conscious or unconscious process in which a real or imagined physical or psychological deficit generates exaggerated correction. Concept introduced by Adler.

Workers Compensation Acts: Laws that require an employer to obtain insurance coverage to protect his or her employees who are injured in the course of their employment.

Workers Compensation Indemnity Benefits: Benefits that replace an employee's wages while the employee is unable to work because of a work-related injury or illness.