Definition from Wiktionary, the free dictionary
bonification (plural bonifications)
- The paying of a bonus (especially in relation to taxes).
1867, Congressional Serial Set:
- We beg leave to state that on high colors cut by ten yards, (instead of twelve yards for ordinary colors,) there is a bonification of eight per cent.
1893, Congressional Series of United States Public Documents, volume 3128, page 241:
- A bonification of the mash and material tax at the former rate will be paid only on exportations to foreign countries, since all the German states have accepted the alcohol-tax law of June 24, 1887.
1903, “The German private export premium system”, in Board of Trade Journa, volume 39:
- The amount of the bonifications is to be fixed quarterly.
2012, William Gouge, History of Paper Money and Banking:
- Besides the commission allowed him for purchasing the cotton and tobacco, which amounted to about $40,000, the witness said he received a "bonification commission" on the return or processed of sales, which amounted to upwards of $20,000 or more--making his compensation as agent rising $60,000.
2013, Joseph Jaffe, Z.E.R.O.: Zero Paid Media as the New Marketing Model:
- Obviously, if the bonifications are received in cash, some risky creative bookkeeping is required on the agency side.