Compensation
Consolation Money
noun
Remember how 慰謝 means "consolation?" Add fee to that and you get compensation. Or consolation money, depending on the situation.
慰謝料 refers to compensation for mental or emotional distress. It covers damages for non-physical harm, such as emotional pain in divorce settlements, affairs, or accidents, where the victim seeks financial redress for their distress.
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.