Compos are typically held at demoparties.
The usual format is to show the competing entries sequentially with a video projector, after which the winners are chosen by public vote. In addition to party-based contests, there have also been online compos on websites and bulletin board systems.
Financial compensation refers to the act of providing a person with money or other things of economic value in exchange for their goods, labor, or to provide for the costs of injuries that they have incurred.
Kinds of financial compensation include:
Damages, legal term for the financial compensation recoverable by reason of another's breach of duty
Nationalization compensation, compensation paid in the event of nationalization of property
Payment
Remuneration
Deferred compensation
Executive compensation
Royalties
Salary
Wage
Employee benefits
Workers' compensation, to protect employees who have incurred work-related injuries