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Related to bonus: bonus depreciation


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.
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, 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.


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.


(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 ?
Blagoy Ivanov: $113,500 ($55,000 to show, $55,000 win bonus, $3,500 fight week incentive pay)
While bonus shares can be seen to have a limited impact on market capitalization (as prices adjust lower, ex-bonus) they are responsible for adding depth to market (rising volumes).
1 will be granted pro-rated year-end bonus and cash gifts.
ChezaCash multibet bonus, gives participants an opportunity to earn extra cash when placing multibets and receive their stake back in case of losing the BET.
The incentive bonus includes plantilla casual, executive assistants, technical assistants, Bacolod City College full time and contractual teachers.
In states and cities around the U.S., employees strike deals for bonus payments as part of their compensation.
The growth was largely driven by a bonus bump-up for administrative and support services staff, rising by a quarter to PS539m for the year, while construction staff saw a 27.5% rise to PS434m.
This is a discretionary bonus because the employer decides which employees are eligible to receive the bonus, the criteria for receiving the bonus, and, most importantly, whether it will be paid at all.
The figures, from the Office for National Statistics (ONS), show that total bonus payments rose 4.4% in 2015/16 to a record PS44.3bn.
Companies build reserves by retaining a part of its profit and give bonus when the reserves or accumulated profits reach a certain limit.
"We do lots of contests and announce lots of special bonus offers on Facebook so it's definitely worthwhile to check in periodically!"
HONG KONG, Apr 5, 2016 - (ACN Newswire) - Orient Victory China Holdings Limited ("Orient Victory China" or the "Company", stock code: 265.HK), a subsidiary of Orient Victory Estate Group, which is a leading real estate company in China, today announced that it proposes to make the Bonus Warrants Issue to the Shareholders on the basis of 1 Bonus Warrant for every 7 Shares held.