What is BONUS?

A gratuity. A premium paid to a grantor or vendor. An extra consideration given for what is received. Any premium or advantage; an occasional extra dividend. A premium paid by a company for a charter or other franchises. “A definite sum to be paid at one time, for a loan of money for a specified period, distinct from and independently of the interest.” Association v. Wilcox, 24 Conn. 147. A bonus is not a gift or gratuity, but a sum paid for services, or upon some other consideration, but in addition to or in excess of that which would ordinarily be given. Kenicott v. Wayne County, 10 Wall. 452, 21 L. Ed. 319.

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