emolument

 
Pronunciation: /ɪˈmɒljʊm(ə)nt, ɛ-/

noun

(usually emoluments) formal
  • a salary, fee, or profit from employment or office: the directors' emoluments

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'