Usually means: Time off instead of overtime.
Definitions Related words Mentions
We found 9 dictionaries that define the word comp time:

General (8 matching dictionaries)
  1. comp time: Merriam-Webster
  2. comp time: Oxford Learner's Dictionaries
  3. comp time: American Heritage Dictionary of the English Language
  4. comp time: Dictionary.com
  5. comp time: TheFreeDictionary.com
  6. comp time: Longman Dictionary of Contemporary English
  7. comp time: Wiktionary

Slang (1 matching dictionary)
  1. Comp Time: Urban Dictionary

Definitions from Wiktionary (comp time)

noun:  (US, labour law, human resources) The act of an employer granting an employee paid time off instead of overtime pay in compensation for additional hours of work.

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