Emolument

 WORD OF THE DAY

emolument / noun / ih-MAHL-yuh-munt

Definition
1: the returns arising from office or employment usually in the form of compensation or perquisites
2 (archaic): advantage 

Examples
“The Foreign and Domestic Emoluments Enforcement Act, introduced in November, would: (1) codify the emoluments clause’s prohibition by barring federal officials from receiving foreign emoluments absent congressional approval; (2) increase transparency by requiring disclosure of such emoluments; (3) authorize the Office of Government Ethics to create rules to ensure compliance, and also empower the Office of the Special Counsel to investigate any violations.”
— Editorial, The Boston Globe, 16 Apr. 2022

Clearly, there were also going to be debates on whether the charges should include obstruction of justice and emoluments (the president using his office to profit).
— Susan Dominus, New York Times, 18 Nov. 2019

Did You Know?
The U.S. Constitution includes two emoluments clauses: the foreign emoluments clause, in Article 1, Section 9, prohibits federal officeholders from accepting gifts, payments, or other items of value from foreign states or rulers; the domestic emoluments clause, in Article 2, Section 1, prohibits the president from receiving any compensation from the federal government or from any state beyond what Section 1 outlines for compensation for service as the nation’s chief executive.
Like most technical legal terms, emolument is Latin in origin, but chew on this: its Latin predecessor meant simply “advantage,” but that word’s source is emolere, meaning “to produce by grinding,” and its relations include such toothsome words as mill and molar.