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

Related to EMOLUMENT

Synonyms: wage, hire, packet [British], pay, paycheck, pay envelope, payment, salary, stipend

Related Words: living wage, minimum wage, nominal wages, take-home pay; double time, overtime, time and a half; compensation, recompense, remittance, remuneration, requital, return; recoupment, redress, reparation, restitution; reimbursement, repayment; earnings, profit, takings, yield

[+]more[-]hide

Other Business Terms

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