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 perquisites2archaic : advantage