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What does compensate mean?

Looking for the meaning or definition of the word compensate? Here's what it means.

Verb
  1. To do (something good) after (something bad) happens
  2. To pay or reward someone in exchange for work done or some other consideration.
  3. (transitive) To make up for; to do something in place of something else; to correct, satisfy; to reach an agreement such that the scales are literally or (metaphorically) balanced; to equalize or make even.
  4. To adjust or adapt to a change, often a harm or deprivation.
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Examples
While it's not required that the government receive warrants in return, that's one suggestion to compensate it for the credit risks being taken.
An early start will enable you to compensate for the inevitable traffic jam or late taxi.
Lately, though, that gold has come to feel like fool's gold, at least in its attempt to compensate us for the sorrows it expresses.
Nor do they have to ante up fresh funds to compensate for the loss for five years.
If it were to expropriate their property, it would have to compensate them with scarce and precious foreign exchange.
Tedious glossy magazine inserts to lure advertisers with inflated readership claims don't compensate for the lack of news in a newspaper.

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