The Standard Electrical Dictionary
(a) A magnet fastened near a compass on an iron or steel ship to compensate the action of the metal of the ship upon the magnetic needle. The ship itself always has some polarity and this is neutralized by one or more compensating magnets. (b) See below.
The numerical value of magnet, compensating in Chaldean Numerology is: 8
The numerical value of magnet, compensating in Pythagorean Numerology is: 7
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"magnet, compensating." Definitions.net. STANDS4 LLC, 2017. Web. 20 Sep. 2017. <http://www.definitions.net/definition/magnet, compensating>.