Significance of Compensation
Compensation, as outlined in Dharmashastra, Theravada, and Indian history, encompasses various meanings. It involves making reparations or repaying debts when a debtor is financially stable. In Theravada, it relates to exchanges monks can engage in for materials like robe fabric. Historically in India, it signifies payments or reparations for loss or damage, emphasizing fairness towards landowners. Overall, compensation highlights the importance of justice and equitable transactions across different contexts and traditions.
Synonyms: Remuneration, Payment, Salary, Recompense, Reward, Reimbursement, Restitution
In Finnish: Korvaus; In Dutch: Compensatie; In Spanish: 颁辞尘辫别苍蝉补肠颈贸苍
The below excerpts are indicatory and do represent direct quotations or translations. It is your responsibility to fact check each reference.
Buddhist concept of 'Compensation'
In Buddhism, Compensation is understood as a form of exchange where a Bhikkhu offers payment for receiving excess cloth, a practice permitted by the Lord to accommodate a monk's desire for multiple portions of robe-material.
From: Vinaya Pitaka (3): Khandhaka
(1) A form of exchange allowed by the Lord when a monk desires more than one portion of robe-material.[1]
From: Vinaya (2): The Mahavagga
(1) An exchange or payment provided by a Bhikkhu in return for receiving more than their due portion of cloth.[2]
Hindu concept of 'Compensation'
In Hinduism, Compensation signifies the act of making amends or repaying debts, particularly when an individual possesses excess wealth beyond basic family needs, highlighting the importance of social responsibility and ethical obligations.
From: Manusmriti with the Commentary of Medhatithi
(1) The act of making amends or repaying a debt, especially when a debtor has wealth beyond what is needed for family maintenance.[3]
The concept of Compensation in local and regional sources
Compensation involves fair remuneration for loss or damage, particularly emphasizing equitable treatment of landowners, as highlighted by regional sources discussing the need for just compensation in cases affecting property.
From: Triveni Journal
(1) Compensation refers to payment or something else given for the loss or damage of something and the text mentions it should be fair to landowners.[4]