Definitions for "compensable"
qualifying one for receipt of compensation, such as for a bodily injury; as, a compensable injury.
for which money is paid; "a paying job"; "remunerative work"; "salaried employment"; "stipendiary services"
Entitling an individual to compensation. Example: a compensable job-related injury. (Source: Miriam-Webster's Dictionary of Law 1996)
Keywords:  cheque, clearing
the clearing of a cheque
Refers to asserted damages if two conditions are met: (1) the cause of the damages were beyond the control of the party asserting the damages; and (2) the damages are not excluded by the terms of the Contract (as for instance damages due to strikes, Acts of God, etc.). The opposite term is "Non-compensable."
receiving money for services rendered.