Korvausta

Korvausta is a Finnish word that translates to compensation or remuneration in English. It generally refers to something given or offered in exchange for something else, typically to make up for a loss, injury, or damage, or as payment for services rendered.

In a legal context, korvausta can involve damages awarded by a court to an injured party to compensate for their losses. This can include financial compensation for medical expenses, lost income, pain and suffering, and other related damages. In labor law, korvausta refers to the wages or salary paid to an employee for their work, as well as any additional benefits or allowances.

Beyond legal and employment contexts, korvausta can also be used more broadly to describe any form of recompense or acknowledgment. For example, a company might offer korvausta to customers for a faulty product or a service disruption. It can also refer to compensation in the form of goods or services rather than monetary payment. The specific meaning of korvausta often depends on the context in which it is used.