source: season 6 episode 25 GIF by SpongeBob SquarePants - Find & Share on GIPHY

PAY, COMPENSATE, REMUNERATE, SATISFY, REIMBURSE, INDEMNIFY, REPAY, RECOMPENSE mean to give money or its equivalent in return for something.

PAY implies the discharge of an obligation incurred.

e.g. paid their bills

COMPENSATE implies a making up for services rendered.

e.g. an attorney well compensated for her services

REMUNERATE clearly suggests paying for services rendered and may extend to payment that is generous or not contracted for.

e.g. promised to remunerate the searchers handsomely

SATISFY implies paying a person what is required by law.

e.g. all creditors will be satisfied in full

REIMBURSE implies a return of money that has been spent for another's benefit.

e.g. reimbursed employees for expenses

INDEMNIFY implies making good a loss suffered through accident, disaster, warfare.

e.g. indemnified the families of the dead miners

REPAY stresses paying back an equivalent in kind or amount.

e.g. repay a favor with a favor

RECOMPENSE suggests due return in amends, friendly repayment, or reward.

e.g. passengers were recompensed for the delay

verb with object

make amends to (someone) for loss or harm suffered; compensate:

｟かたく｠ 【損害などに対して】〈人〉に賠償金を支払う, 弁償する, 償う

e.g. offenders should recompense their victims

e.g. he was recompensed for the wasted time.

pay or reward (someone) for effort or work:

【援助などに対して】〈人〉に報酬を支払う, 返礼をする «for»

e.g. he was handsomely recompensed.

make amends to or reward someone for (loss, harm, or effort):

e.g. he thought his loyalty had been inadequately recompensed.

archaic punish or reward (someone) appropriately for an action:

e.g. according to their doings will he recompense them.

compensation or reward given for loss or harm suffered or effort made:

｟かたく｠ «…に対する» 償い, 賠償(金), 弁償; 報酬, 返礼 «for»

e.g. substantial damages were paid in recompense.

archaic restitution made or punishment inflicted for a wrong or injury.

late Middle English: from Old French, from the verb recompenser ‘do a favor to requite a loss’, from late Latin recompensare, from Latin re- ‘again’ (also expressing intensive force) + compensare ‘weigh one thing against another’.