1. a mixture or composite material, especially a substance made from various ingredients blended together
Usage: informal; chiefly British
2. compensation, especially a payment or settlement for injury or loss
Usage: informal; chiefly British

Examples

• The artist used a special compo to create the sculpture's texture.
• After the accident, he received a compo from the insurance company.
• The building's exterior was finished with a durable compo material.
• She filed a claim for compo following her workplace injury.
• The dentist applied a tooth-colored compo to fill the cavity.