emolument


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Emolument

The profit arising from office, employment, or labor; that which is received as a compensation for services, or which is annexed to the possession of office as salary, fees, and perquisites. Any perquisite, advantage, profit, or gain arising from the possession of an office.

emolument

n. salary, wages and benefits paid for employment or an office held.

emolument

in revenue law, income from employment. Statute defines it as including ‘all salaries, fees, wages, perquisites and profits whatsoever’. Perquisites include benefits in kind.

EMOLUMENT. The lawful gain or profit which arises from an office.

References in periodicals archive ?
SUCCOUR will soon come the way of workers as House of Representatives is planning to initiate a legislation which seeks to ensure prompt payment of salaries, pensions and other emoluments to workers across the country.
US District Judge Emmet Sullivan said Friday in a ruling that lawmakers who brought the law suit can sue Trump for allegedly flouting the Constitution's "emoluments" clause, which prevents federal officeholders from accepting presents and other benefits from foreign governments without the "consent" of Congress, World News reported.
Unlike with bribery statutes, a violation of the Foreign Emoluments Clause doesn't require proof that an official gave something in return.
The congressional plaintiffs allege that, by failing to present proposed emoluments to Congress for consent, the president has deprived them of an individual legislative prerogative: the right to cast a vote on whether President Trump may accept a particular emolument before he accepts it.
Given Washington's very public conduct, a modern interpreter should be reluctant to conclude that such advantages, benefits, and profits amount to a constitutionally proscribed "emolument." (17) Moreover, it stands to reason that if the benefits flowing from business transactions for value (with the Federal Government) are not constitutionally proscribed "emoluments" for the purposes of the Presidential Emoluments Clause, then the benefits flowing from similar transactions for value with foreign states, foreign agencies or instrumentalities, or with foreign state owned or state controlled commercial entities (18) are not constitutionally proscribed "emoluments" for the purposes of the Foreign Emoluments Clause or any other clause.
Barack Obama's former ethics lawyer, Norman Eisen, agreed: "Each of these trademarks is a potential emolument." The "concern of the constitution is that flows of benefits to presidents from foreign sovereigns will distort their judgement, and trademarks are certainly capable of doing that".
Black's Law Dictionary defines emolument as "(a]ny advantage, profit, or gain received as a result of one's employment or one's holding of office." The dictionary notes that the word is usually used in the plural.
Banking associates in the City could see their wages slashed by 30 per cent if they moved to the European cities, while for managing directors the gap widens to up to 80 per cent, according to website Emolument.com.
Salaries for communications and marketing managers leapt by 37% to PS70,000 this year, with competition for digital marketing bosses remaining fierce, according to Emolument.com.
Junior bankers in the UAE are reaping almost 36 per cent more salary than their counterparts in London, with bonuses almost double those paid in the UK capital, compensation data provider Emolument said.
"Emolument" is defined as "the profit arising from office or employment; that which is received as a compensation for services, or which is annexed to the possession of office as salary, fees, and perquisites; advantage; gain, public or private," except as authorized by Congress.