compensationestimate

noun

UK /ˌkɒmpənˈseɪʃən ˈɛstɪmət/

US /ˌkɑːmpənˈseɪʃən ˈɛstɪmət/

A guess about how much money someone will get to make up for something.

The lawyer gave her a compensation estimate for the accident.

SYNONYMS

payment guess settlement figure payout estimate damages calculation reimbursement forecast

RELATED WORDS

compensation estimate settlement payout damages

OTHER MEANINGS

2. An approximate calculation of the money paid to workers for their work.

The company shared a compensation estimate for the new hires.

3. A rough figure for the amount paid to make up for a loss or injury.

The insurance company sent a compensation estimate after the storm.

4. A projected amount of money given in exchange for something taken or damaged.

They asked for a compensation estimate before selling the land.