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Compensation |
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Compensation1. The GATT principle that members who violate GATT rules must compensate other countries by lowering tariffs or making other concessions, or be subject to retaliation. 2. The actual or potential payment by the winners from a change in trade or other policy to the losers, intended to undo the harm to the latter. Actual compensation is rare, but the potential for compensation is used as the basis for most evaluations of the gains from trade.CompensationArrangement under which the delivery of goods to a party is paid for by buying back a certain amount of the product from the recipient of the goods.Compensation Similar MatchesFee based compensationFee based compensationPayment to a financial adviser of a set hourly rate, or an agreed-upon percentage of assets under management, for a financial plan. When the plan is implemented, the adviser may also receive commission on some or all of the investment products purchased, which would be fee-and-commission compensation. Fee only compensationFee only compensationPayment to a financial adviser of a set hourly rate, or an agreed-upon percentage of assets under management, for a financial plan. Fee and commission compensationFee and commission compensationSee: Fee-based compensation Deferred compensationDeferred compensationAn amount that has been earned but is not actually paid until a later date, typically through a payment plan, pension, or stock option plan. Financial Services Compensation SchemeFinancial Services Compensation SchemeThe Financial Services Compensation Scheme is the sole financial compensatory scheme. It was set up by the Financial Services Authority (FSA) in December 2001, and replaced:Building Societies Investor Protection SchemeDeposit Protection SchemeFriendly Societies Protection SchemeInvestors Compensation SchemePIA Indemnity SchemePolicyholders Protection Boardhttp://www.fscs.org.uk Further SuggestionsPartial compensationFull compensation Just Compensation Investors Compensation Scheme Pensions Compensation Board |
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