honorarium

[on-uh-rair-ee-uhm]
noun, plural honorariums, honoraria [on-uh-rair-ee-uh] .
1.
a payment in recognition of acts or professional services for which custom or propriety forbids a price to be set: The mayor was given a modest honorarium for delivering a speech to our club.
2.
a fee for services rendered by a professional person.

Origin:
1650–60; < Latin honōrārium fee paid on taking office, noun use of neuter of honōrārius honorary

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World English Dictionary
honorarium (ˌɒnəˈrɛərɪəm)
 
n , pl -iums, -ia
a fee paid for a nominally free service
 
[C17: from Latin: something presented on being admitted to a post of honour]

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
The agencies themselves pay for all materials and provide an honorarium to the students.
Panel members are not paid a fee or honorarium for their efforts.
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