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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
Many post-secondary institutions have been forced to increase tuition fees to compensate for lower provincial support.
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.
If the issuer has a bad credit rating, bond traders demand higher yields to compensate for the extra risk.
Some fishes seek to compensate at low swimming speeds by extending their fins to increase area and hence the trimming force.
Differential blowing could also improve control of trailers in crosswinds by helping compensate for the wind direction.
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.

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