emolument

emolument

[ih-mol-yuh-muhnt]
noun
profit, salary, or fees from office or employment; compensation for services: Tips are an emolument in addition to wages. earnings, pay, recompense, stipend, honorarium.

Origin:
1470–80; < Latin ēmolumentum advantage, benefit, equivalent to ēmol(ere) to grind out, produce by grinding (ē- e-1 + molere to grind; see mill1) + -u-, variant before labials of -i- -i- + -mentum -ment

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World English Dictionary
emolument (ɪˈmɒljʊmənt)
 
n
the profit arising from an office or employment, usually in the form of fees or wages
 
[C15: from Latin ēmolumentum benefit; originally, fee paid to a miller, from ēmolere, from molere to grind]

Collins English Dictionary - Complete & Unabridged 10th Edition
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Etymonline
Word Origin & History

emolument
1435, from L. emolumentum "profit, gain," perhaps originally "payment to a miller for grinding corn," from emolere "grind out," from ex- "out" + molere "to grind."
Online Etymology Dictionary, © 2010 Douglas Harper
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