emolument
/ɪˈmɒljʊm(ə)nt
/ /ɛˈmɒljʊm(ə)nt/noun (usually emoluments) formal
A salary, fee, or profit from employment or office: the directors' emoluments...
- In this context remuneration means basic pay for the year in question plus the average of any fluctuating emoluments (eg bonuses, overtime payments, profits from share options) over a suitable period - usually three years or more
- He said growth was only boosted by a significant expansion in government value added, resulting mainly from increased personnel emoluments due to the recent increases in the salaries of civil servants.
- The four directors of the company received dividends and directors' emoluments of €200,000 and €850,000 respectively.
Synonyms
payment, fee, charge, consideration;
salary, pay, wage(s), earnings, allowance, stipend, honorarium;
income, revenue, return, profit, gain, proceeds;
reward, compensation, premium, recompense
informal perks, pickings
formal perquisites
Origin
Late Middle English: from Latin emolumentum, originally probably 'payment to a miller for grinding corn', from emolere 'grind up', from e- (variant of ex-) 'out, thoroughly' + molere 'grind'.
Emolument comes from Latin emolumentum which was probably, in its original use, a payment made to a miller for grinding corn. Latin emolere meant ‘to grind up’ (the prefix e- here adding the notion of ‘thoroughly’). Compare the less pretentious word ‘salary’ which started out as a ‘payment for salt’.
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