emolument
Pronunciation: /ɪˈmɒljʊm(ə)nt, ɛ-/
Definition of emolument
noun
(usually emoluments) formalOrigin:
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'