tronc
/trɒŋk
/noun
(In a hotel or restaurant) a common fund into which tips and service charges are paid for distribution to the staff.The main target and focus for the Revenue may have changed, but troncs are still very much on the radar....
- Last year the Revenue lost a long-running court battle regarding troncs and National Insurance contributions.
- He explores the tax treatment of tips and troncs for restaurants and other hospitality businesses.
Origin
1920s: from French, literally 'collecting box'.
Rhymes
- meadow ground
- meadow hay
- meadow hen
- meadowing
- meadowland
- Meadowlands
- meadowlark
- meadowless
- meadow lily
- meadow oatgrass
- meadow orchid
- meadow oxeye
- meadow parsnip
- meadow pasture
- meadow pea
- meadow pine
- meadow pink
- meadow pipit
- meadow rue
- meadow saffron
- meadow saxifrage
- meadow snipe
- meadow soft-grass
- meadowsweet
- meadow thistle