Financial compensation

Kinds of financial compensation include:

• Damages, legal term for the financial compensation recoverable by reason of another's breach of duty
• Nationalization compensation, compensation paid in the event of nationalization of property
• Payment
• Remuneration
  • Deferred compensation
  • Executive compensation
  • Royalties
  • Salary
  • Wage
  • Employee benefits
• Workers' compensation, to protect employees who have incurred work-related injuries

Financial compensation is often provided after service delivery failure in order to regain customer trust. An associated response is to offer an apology that communicates the transgressor feels remorse.

Financial compensation may be offered as an incentive. Some offers are too good to refuse. They may become an undue inducement in which they distort people's judgment, contravene their interests and thereby cause harm.

Financial compensation may be imposed by a judge, before a court, to a victim.