Compensable Meaning: Definition, Examples, and Translations

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compensable

[ˈkɒmpɛnsəbəl ]

Definition

^{Context #1 | Adjective}

legal term

Capable of being compensated or paid for; suitable for being compensated.

Synonyms

indemnifiable, recompensable, remunerable.

Which Synonym Should You Choose?

Word	Description / Examples
compensable	Typically used in legal or business contexts when referring to something that can be compensated, like damages or losses. The damages caused by the accident are compensable. The employee's overtime work is compensable according to the company's policy.
recompensable	This term is suitable for formal situations, often in literature or discussions about ethics, when talking about something that deserves compensation. His long years of dedicated service are recompensable. Acts of bravery in war are generally seen as recompensable by the state.
indemnifiable	Often used in insurance and legal contexts to refer to losses or damages that can be covered or compensated for by an indemnity agreement. The theft of the insured property is indemnifiable. Under the terms of the contract, these expenses are indemnifiable.
remunerable	Commonly used in employment and business contexts to describe work or services that are deserving of monetary compensation. This freelance project is remunerable at an hourly rate. Not all volunteer work is considered remunerable.

Examples of usage

This injury is compensable under the workers' compensation law.
The damages incurred are compensable under the terms of the contract.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Legal Context

In legal terms, compensable often refers to injuries or losses that allow a person to receive payment or benefits.
Workers' compensation laws in many places allow employees to be reimbursed for job-related injuries, highlighting the term's importance in labor rights.
Insurance policies often define what circumstances are compensable, which can include anything from property damage to health issues.

Economic Implications

Compensable costs in business refer to expenses that can be reimbursed, affecting the company’s financial planning.
The concept plays a role in negotiations, where parties must agree on what damages are compensable and how much should be paid.
In economics, understanding which types of losses are compensable helps shape policies for both businesses and individuals.

Psychological Perspective

Feeling that one's loss is compensable can impact emotional recovery after an incident, giving individuals hope for healing and restoration.
The assurance of compensation can reduce anxiety and stress in affected individuals, proving crucial for mental health after traumatic events.
People often assess how compensable a situation is before deciding to pursue claims, showing the relationship between expectations and mental well-being.

Historical Usage

The concept of compensation has been around since ancient times, with early laws governing reparations visible in many cultures.
In the 19th century, the rise of formal labor laws began to bring about a structured approach to compensable injuries in the workplace.
Civil rights movements have emphasized the importance of compensable actions, advocating for those who suffered injustices to be made right.

Origin of 'compensable'

The word 'compensable' is derived from the verb 'compensate', which comes from the Latin word 'compensatus', meaning 'weighed against'. The concept of compensating for loss or injury has been a part of legal and economic systems for centuries, with the term 'compensable' specifically used in the context of being able to receive compensation or payment for a particular circumstance.