perquisite

[pur-kwuh-zit]
noun
1.
an incidental payment, benefit, privilege, or advantage over and above regular income, salary, or wages: Among the president's perquisites were free use of a company car and paid membership in a country club.
2.
a gratuity or tip.
3.
something demanded or due as a particular privilege: homage that was once the perquisite of royalty.

Origin:
1400–50; late Middle English < Medieval Latin perquīsītum something acquired, noun use of neuter of Latin perquīsītus (past participle of perquīrere to search everywhere for, inquire diligently). See per-, inquisitive

perquisite, prerequisite.
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World English Dictionary
perquisite (ˈpɜːkwɪzɪt)
 
n
1.  an incidental benefit gained from a certain type of employment, such as the use of a company car
2.  a customary benefit received in addition to a regular income
3.  a customary tip
4.  something expected or regarded as an exclusive right
 
[C15: from Medieval Latin perquīsītum an acquired possession, from Latin perquīrere to seek earnestly for something, from per- (thoroughly) + quaerere to ask for, seek]

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

perquisite
mid-15c., "property acquired other than by inheritance," from M.L. perquisitum "thing gained, profit," in L., "thing sought after," from neut. pp. of perquirere "to seek, ask for," from per- "thoroughly" + quærere "to seek" (see query). For L. vowel change, see
acquisition. General meaning "fee or profit on top of regular wages" first recorded 1560s.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Going to a designer's showroom to shop wholesale is a perquisite of public life.
But the club has one perquisite enjoyed by few others in the state.
It has become less of a perquisite or a way to build client relationships and more of a job.
And for us, incentive compensation is not a perquisite given exclusively to senior officers and investment bankers.
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