noun, plural bounties.
a premium or reward, especially one offered by a government: There was a bounty on his head. Some states offer a bounty for dead coyotes.
a generous gift.
generosity in giving.

1200–50; Middle English b(o)unte < Anglo-French, Old French bonte, Old French bontet < Latin bonitāt- (stem of bonitās) goodness. See boon2, -ity

bountyless, adjective

1. See bonus. 2. present, benefaction. 3. munificence, liberality, charity, beneficence. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
bounty (ˈbaʊntɪ)
n , pl -ties
1.  generosity in giving to others; liberality
2.  a generous gift; something freely provided
3.  a payment made by a government, as, formerly, to a sailor on enlisting or to a soldier after a campaign
4.  any reward or premium: a bounty of 20p for every rat killed
[C13 (in the sense: goodness): from Old French bontet, from Latin bonitās goodness, from bonus good]

Bounty (ˈbaʊntɪ)
a British naval ship commanded by Captain William Bligh, which was on a scientific voyage in 1789 between Tahiti and the West Indies when her crew mutinied

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

mid-13c., "generosity," from O.Fr. bonte "goodness" (12c., Mod.Fr. bonté), from L. bonitatem (nom. bonitas) "goodness," from bonus "good" (see bene-). Sense of "gift bestowed by a sovereign or the state" led to extended senses of "gratuity to a military recruit" (1702)
and "reward for killing or taking a criminal or enemy" (1764).
"I do ... promise, that there shall be paid ... the following several and respective premiums and Bounties for the prisoners and Scalps of the Enemy Indians that shall be taken or killed ...." ["Papers of the Governor of Pennsylvania," 1764]
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
These researchers bore alarming news about the ocean's bounty.
The foundation might then auction the rights to the bounty to ensure that the
  vaccinations are performed at the lowest cost.
Not so long ago the ocean's bounty seemed to have no limit.
All of the pristine lakes in the region yield a bounty of delicious freshwater
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