DEFINITION of 'Emolument'

Compensation for employment, services or holding office. Emolument is generally used in a legal context. Emolument can vary depending on the type and length of service being performed.


Emolument is derived from the Latin term "emolumentum." It originally meant the sum paid to a miller for grinding a customer's wheat. Today, the term exist mostly as a bit of archaic legalese, but it might be at the root of the expression, "grinding out a living."