Meanings of cover compensation in English

GM has set aside an initial $400 million to cover compensation costs.

But Tepco is likely to suspend dividend payments for several years to help cover compensation costs.

Barclays also set aside another 2 billion pounds to cover compensation claims arising from mis-sold products in Britain.

GM has set aside $400 million to cover compensation through the program, although the amount of total payouts is not capped.

But Barclays took a 1 billion pound charge to cover compensation for the mis-selling of insurance policies in Britain, which had been signalled previously.

The hit to Barclays comes a week after rival Lloyds LLOY.L unveiled a shock 3.2 billion-pound charge to cover compensation.

Fifty-four Democratic Senators want BP to put an initial $20 billion payment into an independently-managed account to cover compensation for victims and for clean up.

Lloyds took a shock 3.2 billion pound charge earlier this month to cover compensation for people mis-sold payment protection insurance (PPI) products.

The bank said it set aside another $640 million to cover compensation for UK customers, taking its provision for redress to $2.3 billion in 2012.

Earlier this week all four had bonuses "clawed back" after the bank took a £3.2bn provision to cover compensation payments for mis-selling payment protection insurance.