Emolument

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.

BREAKING DOWN 'Emolument'

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."

RELATED TERMS
  1. Highly Compensated Employee

    For employer-sponsored, tax-advantaged retirement plan purposes, ...
  2. Back Office

    Administration and support personnel in a financial services ...
  3. Unemployment Compensation

    Funds paid by the state to unemployed workers who have lost their ...
  4. Workers' Compensation

    Workers' compensation is a publicly-sponsored system that pays ...
  5. Front Office

    The sales personnel and corporate finance employees in a financial ...
  6. Middle Office

    The group of employees in a financial services company that manages ...
Related Articles
  1. Investing

    The Path to Become a Managing Director in an Investment Bank

    Find out what it takes to become managing director at a major investment bank, starting from business school and surviving all of the titles in between.
  2. Managing Wealth

    Top 5 Positions in Bill Miller's Portfolio

    Learn about legendary value investor Bill Miller and discover the five largest holdings in his portfolio.
  3. Investing

    What Does the Back Office Do?

    A financial services company’s back office provides administrative and personnel support.
  4. Retirement

    How Non-Qualified Deferred Compensation Plans Work

    These tax-advantaged retirement savings plans have their pros and cons, and employers and employees must follow strict guidelines.
  5. Financial Advisor

    What's Involved in Customer Service?

    Customer service is the part of a business tasked with enhancing customer satisfaction.
  6. Investing

    Investment Services Stump Investors

    What you're getting isn't easy to determine. Find out how to get your money's worth.
  7. Personal Finance

    Is Personal Legal Insurance A Good Deal?

    Some employers offer personal legal insurance as an opt-in benefit. Would it make sense for you?
  8. Insights

    5 Tech Companies With High Stock-Based Compensation (GOOGL, AMZN)

    Examine stock-based compensation among large tech firms to determine which factors are driving equity compensation and how executive grants are determined.
  9. Markets

    What is a Market?

    Market is a broad term with varied definitions, but essentially, it’s a physical or virtual location where goods and services are bought and sold.
  10. Retirement

    Benefits of Deferred Compensation Plans

    Understand the difference between a qualifying or nonqualifying deferred compensation plan. Learn about the benefits of a deferred compensation plan.
RELATED FAQS
  1. Are arm's length transactions always better than transactions not at arm's length?

    Transactions not at arm's length have real tax and other consequences for individuals and businesses, but they are not necessarily ... Read Answer >>
  2. Is good customer service something to look for in a company in which I am considering ...

    Learn about the importance of customer service when deciding whether to invest in a stock. Good customer service can ensure ... Read Answer >>
  3. What distinguishes the financial services sector from the banks?

    Learn about the difference between the banking industry and the financial services sector and how to distinguish financial ... Read Answer >>
  4. What is the financial services sector?

    Go beyond banks and credit unions to learn about the diverse group of companies that make up the fast-growing financial services ... Read Answer >>
  5. What are the biggest trends affecting the profitability of the financial services ...

    Explore the trends that most affect the financial services sector, including the role of central bank policy and challenges ... Read Answer >>
  6. What is a derivative?

    A derivative is a contract between two or more parties whose value is based on an agreed-upon underlying financial asset, ... Read Answer >>
Hot Definitions
  1. GBP

    The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories ...
  2. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  3. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  4. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  5. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  6. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
Trading Center