financial compensation

USAGE SUMMARY

"financial compensation" is a correct and commonly used phrase in written English.
It refers to a payment or monetary reward given to someone as a form of reparation, for services rendered, or to cover damages or losses. You can use the phrase "financial compensation" in situations where you are discussing payments, reimbursements, or settlements. For example: 1. The company offered a generous financial compensation package to their employees who were affected by the recent downsizing. 2. The victims of the accident were awarded a substantial amount of financial compensation for their injuries. 3. The employee filed a complaint against the unfair termination and is seeking financial compensation for lost wages and emotional distress. 4. The customer was dissatisfied with the product and demanded financial compensation for the damages it caused. 5. The company is willing to provide financial compensation to the affected customers as a gesture of goodwill.

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Ms. Washington-Williams sought no financial compensation.

The New York Times

Jefferies has received considerable financial compensation.

The Guardian

Financial compensation is an extrinsic motivator.

Harvard University

These are expected to lower demand for financial compensation.

Journal of Forest Economics

The new suit isn't seeking financial compensation from the Fed.

The New York Times

But what about financial compensation for lost time and money?

The New York Times

Rights to financial compensation would also be significantly curtailed.

The New York Times

We will then collect them in exchange for financial compensation".

The Guardian

They are seeking financial compensation for their damages.

The New York Times

They negotiate producing credit in lieu of more financial compensation".

The New York Times

For his cooperation he received substantial financial compensation from Prussia.

Britannica

Expert writing Tips

Best practice

In academic and professional contexts, "financial compensation" is preferred over less formal terms like "pay" or "money" when detailing remuneration for services or research participation.

Common error

Avoid using "financial compensation" when you mean "reimbursement". "Reimbursement" refers specifically to covering expenses already incurred, while "financial compensation" is a broader term encompassing payment for services, damages, or losses.

Linguistic Context

The phrase "financial compensation" functions primarily as a noun phrase. It refers to the act of providing monetary payment for services, losses, or damages. As Ludwig indicates, it is a correct and commonly used phrase in written English.

Expression frequency: Very common

Frequent in

Science

29%

News & Media

27%

Formal & Business

17%

Less common in

Academia

9%

Encyclopedias

2%

Reference

0%

Ludwig's WRAP-UP

In summary, "financial compensation" is a versatile noun phrase used to describe monetary payments for various reasons, ranging from legal settlements to research participation. Ludwig's analysis confirms that it is grammatically correct and frequently used. While it appears across different contexts, it maintains a professional tone, being most common in scientific, news, and business domains. When aiming for clarity and precision in discussions about payment, particularly in formal settings, "financial compensation" is a highly appropriate choice.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

monetary remuneration

Emphasizes the payment as a reward for services rendered.

pecuniary damages

Specifically refers to compensation awarded for financial losses in a legal context.

cash settlement

Implies a formal agreement involving money to resolve a dispute.

monetary settlement

Implies a formal agreement involving money to resolve a dispute.

financial settlement

Implies a formal agreement involving money to resolve a dispute.

payment for damages

Highlights the purpose of the payment as covering incurred losses.

remuneration package

Suggests a comprehensive set of benefits and payments, not just a single amount.

compensation package

Suggests a comprehensive set of benefits and payments, not just a single amount.

reimbursement of expenses

Focuses on covering costs already incurred, rather than general compensation.

monetary award

Suggests the compensation is granted as a prize or in recognition of something.

FAQs

How do I use "financial compensation" in a sentence?

You can use "financial compensation" to describe payment for damages, services or losses. For example, "The company offered a generous "financial compensation" package to its employees."

What are some alternatives to "financial compensation"?

Depending on the context, you can use alternatives like "monetary remuneration", "pecuniary damages", or "cash settlement".

Is "financial compensation" a formal or informal term?

"Financial compensation" is generally considered a formal term, suitable for professional, legal, and academic contexts. It's more precise than informal terms like "pay" or "money".

What's the difference between "financial compensation" and "reimbursement"?

"Financial compensation" is a broad term for payment, covering damages, losses, or services. "Reimbursement", on the other hand, specifically refers to repayment for expenses already incurred.