emolument


emol·u·ment

noun \i-ˈmäl-yə-mənt\

Definition of EMOLUMENT

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

Examples of EMOLUMENT

  1. <the annual emolument for the director of the charity is officially only one dollar>

Origin of EMOLUMENT

Middle English, from Latin emolumentum advantage, from emolere to produce by grinding, from e- + molere to grind — more at meal
First Known Use: 15th century

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, green-collar, marque, overhead, perquisite

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