Sorry, no online dictionaries contain the exact phrase compensation arrangement.
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Reverse dictionary results:
1. adjustment
2. bond
3. modus
4. offset
5. alimony
6. allowance
7. atone
8. atonement
9. award
10. awards
11. benefit
12. bonus
13. bung
14. claim
15. commutation
16. compensator
17. compo
18. consideration
19. cover
20. damage
21. damages
22. delict
23. duty
24. earn
25. emolument
26. entitlement
27. exemplary damages
28. fee
29. fix
30. free
31. freeing
32. give
33. golden handshake
34. grants
35. hire
36. indemnification
37. indemnity
38. insurance
39. insure
40. interest

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You can look up the words in the phrase individually using these links:   compensation ?   arrangement ?
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