compensate vs counterbalance

compensate is not a noun while counterbalance is a noun.

Word	Noun	Adjective	Verb	Adverb
compensate	No	No	Yes	No
counterbalance	Yes	No	Yes	No

As verbs, compensate and counterbalance are synonyms defined as:

Other synonyms of compensate include correct, even off, even out, even up, make up.

As verbs, counterbalance is a hypernym of compensate; that is, counterbalance is a word with a broader meaning than compensate:

compensate: make up for shortcomings or a feeling of inferiority by exaggerating good qualities
counterbalance: adjust for

Other hypernyms of compensate include compensate, correct, even off, even out, even up, make up.

compensate (noun)	counterbalance (noun)
	a weight that balances another weight
	a compensating equivalent
	equality of distribution

compensate (verb)	counterbalance (verb)
make payment to; compensate	oppose and mitigate the effects of by contrary actions
make amends for; pay compensation for	contrast with equal weight or force
do or give something to somebody in return	adjust for
make reparations or amends for
adjust for
make up for shortcomings or a feeling of inferiority by exaggerating good qualities