IPA: /ˌkɒmpənˈseɪʃən/
KK: /kɑmpəˈnseɪʃən/
Something given to make up for a loss, service, or injury, often in the form of money or benefits.
She received compensation for the damages to her car after the accident.
Compensation → It is formed from "com-" (meaning together) and "pensare" (meaning to weigh or pay). The word refers to the act of weighing or balancing something together, often in the context of providing payment or recompense for loss or injury.
Think of 'together' ('com-') balancing or 'weighing' ('pensare') something — that's why compensation means making up for a loss.