bonus

(redirected from Boni)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Wikipedia.

bonus,

extra amount in money, bonds, or goods over what is normally due. The term is applied especially to payments to employees either for production in excess of the normal (wage incentive) or as a share of surplus profits. The wage incentive was designed during the late 19th cent. not only to increase production but to reward the more skillful and more energetic workers. The hourly or weekly wage was to be figured as payment for a standard rate of work, and the workers who exceeded that standard were to receive a bonus. However, the system fell into disfavor with labor unions because rate cutting was often resorted to when bonuses became too high. Industrial engineers of the 1930s realized that definite standards of accomplishment and quality must be set to make wage incentives workable. Many firms have used an annual bonus plan for distributing abnormal profits to employees. The term is also applied to payments to former servicemen in addition to regular pensions and insurance. Veterans of World War I lobbied to obtain a bonus for their military service. In 1924 each veteran received an adjusted compensation certificate entitling him to a payment averaging $1,000 to be made in 1945. In 1932 about 15,000 unemployed veterans formed the "Bonus Expeditionary Force," or Bonus MarchersBonus Marchers,
in U.S. history, more than 20,000 veterans, most of them unemployed and in desperate financial straits, who, in the spring of 1932, spontaneously made their way to Washington, D.C.
..... Click the link for more information.
, and marched to Washington to demand immediate payment of the certificates. President Hoover ordered troops to oust them from federal property. In 1936 Congress passed a law permitting the veterans to exchange their certificates for cashable bonds. A number of states voted veterans' bonuses after World War II and the Korean War.

Bibliography

See W. W. Waters, B.E.F.: The Whole Story of the Bonus Army (1933, repr. 1969); V. D. Kennedy, Union Policy and Incentive Wage Methods (1945, repr. 1969); J. K. Louden, Wage Incentives (2d ed. 1959); R. Marriott, Incentive Payment Systems (3d rev. ed. 1968).

The Columbia Electronic Encyclopedia™ Copyright © 2013, Columbia University Press. Licensed from Columbia University Press. All rights reserved. www.cc.columbia.edu/cu/cup/

bonus

[′bō·nəs]
(petroleum engineering)
Payment by a lessee of an oil- or gas-production royalty to the landowner at a rate greater than the customary one-eighth of the value of the oil or gas withdrawn.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
"There is a real need to move towards renewable energy," Boni Yayi said.
"We need Qatar's investment, expertise and technology to monetise our natural reserves," Boni said.
Noting that this is his third visit to Turkey since he was elected president, Boni explained that he believes there are lessons to be learned from developing countries about business management and productivity, and Turkey is a good model in that sense.
Yayi Boni, for his part, described Iran as a big and influential power, and said, "Iran can leave an important effect on reforming one-sided structures and establishing peace and stability."
"South Sudan and Sudan are part of the African continent, we need peace and stability in these two sister countries", Boni, also Benin's President, said.
Boni Joi was born in North Miami Beach, Florida, raised in New Jersey, and recently discovered her lost lineage in Salem, Massachusetts.
Boni Yayi arrived Sunday to try to find a negotiated resolution to the country's crisis.
President Boni was seen off, at Kuwait International Airport, by His Highness the Amir, His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, Parliament Speaker Ahmad Al-Sadoun, His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, Deputy Minister of Amiri Diwan Affairs Sheikh Ali Jarrah Al-Sabah and top state's officials as well as senior leaders in military, police and national guards.
Africa: Benin President Thomas Boni Yayi was elected the African Union Chairman Sunday, taking over the one-year post from Equatorial Guinea s President Teodoro Obiang Nguema, officials said.
Summary: ABU DHABI - President His Highness Shaikh Khalifa bin Zayed Al Nahyan received a letter from the President of Benin Thomas Boni Yayi on the bilateral relations between the two countries.
"I Had a Favorite Dress" is a moving read with good art and good lessons from the combined efforts of Boni Ashbrun & Julia Denos.