bonification

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English[edit]

Etymology[edit]

From bonus and -ification.

Noun[edit]

bonification ‎(plural bonifications)

  1. The paying of a bonus (especially in relation to taxes).
    • 1867, Congressional Serial Set[1]:
      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[2], 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[3], volume 39:
      The amount of the bonifications is to be fixed quarterly.
    • 2012, William Gouge, History of Paper Money and Banking[4]:
      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[5]:
      Obviously, if the bonifications are received in cash, some risky creative bookkeeping is required on the agency side.

Related terms[edit]