Home > Terms > English, UK (UE) > Compensation

Compensation

1. The GATT principle that members who violate GATT rules must compensate other countries by lowering tariffs or making other concessions, or be subject to retaliation. 2. The actual or potential payment by the winners from a change in trade or other policy to the losers, intended to undo the harm to the latter. Actual compensation is rare, but the potential for compensation is used as the basis for most evaluations of the gains from trade.

This is auto-generated content. You can help to improve it.
0
Improve it
More
Collect to Blossary

Other Languages:

More

Member comments

You have to log in to post to discussions.

Related terms

compensation
Language; Translation & localization; Translation

An adjustment technique resorted to with the aim of making up for the loss of important source text features in translation with a gain at the same or other points in the target ...

compensator
Automotive; Automobile

A horizontal bar which is pulled forward when the parkbrake is applied at its central point, which is pivoted, while it is connected at each end to the parkbrake cable, enabling ...

compensation
Professional careers; Sales

Remuneration for work done on behalf of another.

compensation
Labor; Labor statistics

A term used to encompass the entire range of wages and benefits, both current and deferred, that employees receive in return for their work. In the Employment Cost Index (ECI), ...

compensate
Education; SAT vocabulary

To remunerate.

compensator
Engineering; Electronic engineering

A device or circuit that facilitates the adjustment of a quantity, manually or automatically, to obtain precise values, or to counteract undesired variations.

BRICS
Economy; International economics

BRICS is an international political organisation of leading emerging economies. Its five members are Brazil, Russia, India, China and South Africa (prior to South Africa’s ...

circular economy
Economy; International economics

New development strategy, new economic development pattern, aiming at maximizing resource efficiency as well as minimizing waste discharge, and realizing sustainable economic and ...

Wenzhou
Economy; International economics

Wenzhou is a mid-size coastal city in China's eastern province Zhejiang. The name Wenzhou became viral in Wall Street and international business circles in April 2012 after the ...

François Hollande
Economy; International economics

François Hollande (born 12 August 1954) is a French politician who defeated Nicolas Sarkozy to become the 24th president of France on May 6, 2012. Prior to winning the presidency, ...

quantitative easing round 3 (QE3)
Economy; International economics

The U.S. Federal Reserve's 3rd round of stimulus aimed at shoring up the country's economy since the 2007 world financial crisis. It's designed to inject a large amount of extra ...

Geuro
Economy; International economics

To rebuild Greece economy some European economists recommend to launch a new currency for Greece. They call it Geuro.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Automotive Category: Automobile

Superbus

A 15ft-long, six-wheeled, Aerodynamic and luxurious vehicle, the Superbus can carry 23 passengers and reach speeds of up to 155mph (255kph), although ...

Contributor

Featured blossaries

Rare Fruit

Category: Other   1 1 Terms

Diabetes

Category: Health   3 12 Terms

Browers Terms By Category

TERMS

SOCIAL

EXTRAS

SOLUTIONS