Main Entry: emol·u·ment

Pronunciation: \i-ˈmäl-yə-mənt\

Function: noun

Etymology: Middle English, from Latin emolumentum advantage, from emolere to produce by grinding, from e- + molere to grind — more at meal

Date: 15th century

1 : the returns arising from office or employment usually in the form of compensation or perquisites
2 archaic : advantage