Compensation, Consolation Money, Reparation, Settlement
noun
Remember how 慰謝 means "consolation?" Add fee to that and you get compensation. Or consolation money, depending on the situation.
いしゃりょう
This is a jukugo word that uses the on'yomi readings of the kanji. You should be able to read this on your own.
慰謝料をよこせと脅されています。
They’re threatening us to send compensation.