The Collaborative International Dictionary of English v.0.48:

Remunerate \Re*mu"ner*ate\ (-?t), v. t. [imp. & p. p.
   Remunerated (-?"t?d); p. pr. & vb. n. Remunerating.] [L.
   remuneratus, p. p. of remunerare, remunerari; pref. re- re- +
   munerare, munerari, to give, present, from munus, muneris, a
   gift, present. Cf. Munificent.]
   To pay an equivalent to for any service, loss, expense, or
   other sacrifice; to recompense; to requite; as, to remunerate
   men for labor.
   [1913 Webster]

   Syn: To reward; recompense; compensate; satisfy; requite;
        repay; pay; reimburse.
        [1913 Webster]

WordNet (r) 3.0 (2006):

remunerate
    v 1: make payment to; compensate; "My efforts were not
         remunerated" [syn: compensate, recompense,
         remunerate]