Sorry, no online dictionaries contain the exact phrase payment of compensation.
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Reverse dictionary results:
1. awards
2. emolument
3. modus
4. amends
5. fee
6. refund
7. remuneration
8. reparation
9. salary
10. satisfaction
11. take
12. bond
13. hoot
14. utu
15. angary
16. allowance
17. award
18. benefits
19. bote
20. commutation
21. compensate
22. entitlements
23. free
24. freeing
25. gratuitous
26. interest
27. lend
28. recompense
29. reimbursement
30. remunerated
31. rent
32. renting
33. repay
34. requital
35. restitution
36. retribution
37. reward
38. rewards
39. severance
40. severance pay

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