Remunerate

To remunerate means to pay someone for services rendered, work performed, or losses incurred. It involves compensating an individual or entity for their efforts, expertise, or damages. The payment can take various forms, including money, goods, or other benefits, and its adequacy depends on the value exchanged. It is a core principle in employment, contracts, and dispute resolutions, establishing a fair exchange of value. Remuneration is a critical component of ethical business practices and maintaining positive professional relationships.

Remunerate meaning with examples

• The company agreed to remunerate the contractor for the construction work completed. The agreed sum covered materials, labor, and a profit margin. The payment was due after the final inspection to ensure compliance with the contract terms. The punctual remuneration was key to maintaining a strong professional relationship and ensuring repeat business.
• The artist was remunerated handsomely for her commissioned portrait. The client appreciated the skill and time required. The payment also included a provision for future royalty payments. This arrangement acknowledged the ongoing value of the artwork. The agreement created a sustainable relationship between the two parties.
• Following the accident, the insurance company was obligated to remunerate the victim for their medical expenses and lost income. The calculation of the compensation took into account various factors. The process involved extensive negotiations. A settlement was reached to ensure the victim's wellbeing. The payment offered closure and covered the required needs.
• The author was remunerated royalties based on book sales. The publishers were obligated to provide accounting data. This payment model provided a financial incentive. The goal was to promote ongoing work and ensure continued engagement. The remunerative structure incentivized the growth of the author.
• The volunteers were not remunerated for their time, as the organization was built on the generosity of its members. They provided vital support for various community activities. They found their fulfillment and contribution in different ways. The lack of financial compensation was compensated by other benefits. These included meaningful purpose.