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emolument


Definition of emolument

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'

emolument in other Oxford dictionaries

Definition of emolument in the US English dictionary