Compensate

1. v. i. To make amends; to supply an equivalent; — followed by for; as, nothing can compensate for the loss of reputation.
2. v. t. To make equal return to; to remunerate; to recompense; to give an equivalent to; to requite suitably; as, to compensate a laborer for his work, or a merchant for his losses.
3. v. t. To be equivalent in value or effect to; to counterbalance; to make up for; to make amends for.

The word meanings were obtained from OPTED(The Online Plain Text English Dictionary), which is based on “The Project Gutenberg Etext of Webster’s Unabridged Dictionary” which is in turn based on the 1913 US Webster’s Unabridged Dictionary (See Project Gutenburg), as a text file.