/
ˈrɛkəmpɛns/
v.
  - compensate (someone) for loss or harm. 
▸pay or reward for effort or work.
 ▸make amends to or reward someone for (loss, harm, or effort).
 - archaic punish or reward appropriately.
 
n.
  - compensation or reward.
 - archaic restitution made or punishment inflicted for a wrong or injury.
 
Etymology
ME: from OFr., from recompenser, from late L. recompensare, from L. re- ‘again’ + compensare ‘weigh one thing against another’.