I was surprised to see that Chambers doesn't have this meaning:
Main Entry: compensation
Part of Speech: noun
Definition: repayment; rectification
Synonyms: advantage, allowance, amends, atonement, benefit, bonus, bread, consideration, counterclaim, coverage, damages, defrayal, deserts, earnings, fee*, gain, honorarium, indemnification, indemnity, meet, pay, payment, payoff, premium, profit, quittance, reciprocity, reckoning, recompense, recoupment, redress, reimbursement, remittal, remittance, remuneration, reparation, reprisal, requital, restitution, reward, salary, salt , satisfaction, scale, settlement, shake, stipend, take*, take-home, wage