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emolument

noun

/ɪˈmɒljʊm(ə)nt/

IPA:

Dictionary definition of emolument

Payment received for services rendered, especially in a professional capacity.
"The emolument was a major factor in attracting and retaining talented employees."

Detailed meaning of emolument

It can include wages, salaries, bonuses, profits, or any other benefits received as a result of holding a particular position or job. The term is often used in a legal context to refer to the compensation received by an individual for carrying out their official duties and responsibilities, and can be contrasted with gratuities, which are voluntary gifts given in addition to regular payment. Emoluments are considered an important aspect of an individual's financial remuneration and play a key role in determining an individual's standard of living and overall financial well-being.

Example sentences containing emolument

1. The CEO received a substantial emolument as a bonus for his outstanding performance.
2. The emolument for the elected officials was a topic of much controversy and debate.
3. The executive's emolument package included a generous bonus and stock options.
4. He was willing to accept a lower emolument in exchange for a more flexible work schedule.
5. The board of directors reviewed the emolument of the CEO to ensure it aligned with industry standards.
6. She was excited about her new job, but disappointed with the meager emolument offered.

History and etymology of emolument

The noun 'emolument' has its etymology rooted in Latin. It is derived from the Latin word 'emolumentum,' which means 'gain' or 'profit.' This Latin term was originally associated with the idea of profit or advantage obtained from one's efforts or services. As 'emolumentum' evolved into English, it came to represent payment received for services rendered, especially in a professional capacity. The etymology of 'emolument' effectively captures its historical connection to the concept of financial gain or benefit derived from one's work or services, emphasizing its role as a term used to describe compensation or remuneration for professional efforts.

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Further usage examples of emolument

1. The lawyer’s emolument for the case was a percentage of the settlement.
2. The government official was accused of illegally receiving emoluments from foreign entities.
3. The company increased the emolument of its employees as a reward for outstanding performance.
4. As part of his emolument, he received a membership to an exclusive golf club.
5. The professor was offered an additional emolument for taking on extra classes.
6. They compared the emoluments of different careers before deciding on their educational paths.
7. The union negotiated for better emoluments for its members.
8. The emoluments clause in the constitution prevents officials from receiving gifts from foreign governments.
9. His total emolument included a salary, a housing allowance, and health insurance.
10. She decided to work abroad because the emolument offered was significantly higher.
11. The emolument for the freelance project was not as high as he had hoped, but it was a good opportunity for networking.
12. Her emolument as a lawyer allowed her a comfortable lifestyle.
13. Executive emoluments at the company increased with performance.
14. Government officials are subject to strict rules regarding emoluments.
15. Negotiations on salary and emoluments are underway.
16. The emoluments for this role include a competitive salary.
17. The contract outlines the emoluments for the project.
18. The union demanded fair emoluments for its members.
19. He received additional emoluments for exceeding sales targets.
20. The emoluments package attracted top talent to the organization.
21. Emoluments like health benefits are essential for employee well-being.
22. The professor's emoluments included research grants.
23. Transparent reporting of emoluments builds trust in organizations.
24. Emoluments should be commensurate with skills and experience.