Meaning of the word compensatory in English

What does compensatory mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

compensatory

US /kəmˈpen.səˌtɔːr.i/
UK /ˌkɒm.pənˈseɪt.əri/

Adjective

intended to make up for something lost, damaged, or missed

Example:
The company offered compensatory damages for the breach of contract.
He received a compensatory payment for his injuries.