compensationcode

noun
UK /ˌkɒmpənˈseɪʃən kəʊd/
US /ˌkɑːmpənˈseɪʃən koʊd/

A special set of letters or numbers that helps someone get paid back for something.

The airline gave her a compensationcode to use for a free flight after her bag was lost.


OTHER MEANINGS

2. A label used in a computer program to show how a mistake or loss should be fixed.

The programmer added a compensationcode to handle the missing data.

3. A set of rules for deciding how people are paid back when something goes wrong.

The new compensationcode says customers must be paid within ten days.

4. A secret number that lets someone collect money owed to them.

He typed the compensationcode into the website to get his refund.