Baseplate: hard, flat surface on which the rest of the compass is mounted. It has a ruler on its edges for measuring distances on maps. Its edge is straight and useful for laying lines on a map.
Scales: each edge of a compass may have different rulers for use with different map scales.
Direction of Travel Arrow: marked on the baseplate. You point this the way you will be traveling, always away from you.
Index Pointer: butt end of the direction-of-travel arrow. It ends right at the edge of the dial and is where you take degree readings.
Dial: ring around the housing that has degree markings engraved. Because the dial is a circle, it has 360 degrees. You hold the dial and rotate it to rotate the entire housing.
Orienting Arrow: marked on the floor of the housing. It rotates with the housing when the dial turned. You use it to orient a compass to a map.
Orienting Lines: series of parallel lines marked on the floor of the housing and on the base plate.
Magnetic Needle: magnetized piece of metal that has one end painted red to indicate North. It sits on a fine point that is nearly frictionless so it rotates freely when the compass is held fairly level and steady.
Housing: main part of the compass. It is a round plastic container filled with liquid and has the compass needle inside.
There are four cardinal directions. They are north, east, south and west. Here's a mnemonic device to remember all the directions...
Never
Eat
Soggy
Waffles
An ordinal direction refers to the direction found right in the middle of two cardinal directions. For instance, southwest or northeast are both ordinal.
To break it down even further, compass bearings refer to the measurement of a direction between two points. The most common type is an azimuth bearing which uses the 360° of a compass to indicate a specific direction.