1 remove/reduce the bad effect of sth
ADV. amply, fully | more than The advantages of the scheme more than compensate for the risks associated with it. | partially, partly
2 pay money for a loss/injury
ADV. adequately, properly | fully, in full People whose health has suffered will be compensated in full. | financially I expect to be compensated financially.
PREP. for The company will compensate you for the losses you have suffered.