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1.
To justifiably steal something, usually from an employer, especially after losing one's job.
"Dude, where'd you get that laptop?" "I compenscated it after Inacomp announced they were closing. I mean, they're screwed anyway, they'll never miss it, and I deserve it."
von Andrew B__ 8. April 2008
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Words related to compenscate:

compensate gank jack pillage rip off robin hood steal swipe