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Simple English definitions for legal terms
compensation period
Read a random definition: fine
A quick definition of compensation period:
Compensation period: The time period set by the law that allows an unemployed or injured worker to receive compensation. This means that if someone loses their job or gets hurt while working, they can receive money to help them during a certain amount of time.
A more thorough explanation:
Definition: The compensation period is the duration of time specified by unemployment or workers' compensation laws during which an unemployed or injured worker is eligible to receive compensation.
Example: In some states, the compensation period for unemployment benefits is 26 weeks. This means that an individual who is unemployed and meets the eligibility requirements can receive compensation for up to 26 weeks.
Explanation: The example illustrates how the compensation period is the fixed duration of time during which an individual can receive compensation for being unemployed. The specific length of the compensation period may vary depending on the state and the type of compensation being received.