Payment of money is referred to in a multitude of ways – it just depends on the circumstances. Take a look.
By Lorimer Wilson, editor of munKNEE.com (It’s all about the Money!)
Payment of money:
- for the right to marry someone’s daughter
- is called a dowry
- to a divorced spouse
- is called alimony
- to the government
- is called a tax
- of an imposed fixed amount
- is called an assessment or levy
- from the government
- is called a benefit
- based on age or service
- is called a pension
- to a child
- is called an allowance
- for service rendered
- is called a tip or gratuity
- to kidnappers
- is called a ransom
- to do something under the table
- is called a bribe or payoff
- in return for concealment of discreditable secret
- is called blackmail
- for exemplary performance
- is called a bonus
- based solely on a successful sale
- is called a commission
- for service of merit
- is called a reward
- to encourage someone to perform better
- is called an incentive
- as a salary to a clergyman
- is called a stipend
- to a church
- is called an offering or tithe
- in appreciation of a volunteer’s services
- is called an honorarium
- as an award to a deserving, yet needy, student
- is called a bursary
- as an award to an outstanding student
- is called a scholarship
- to a lawyer/barrister to be on call for a client
- is called a retainer
- back to someone to which it is owed
- is called reparation
- as reparation to an aggrieved party
- is called restitution
- to someone holding a claim
- is called an entitlement
- as the result of a legal claim for restitution
- is called a settlement
- as the result of overpayment of a bill
- is called a refund
- owed to a service organization
- is called dues
- according to the terms of a will
- is called a legacy, bequest or inheritance
- bequeathed to a person or institution
- is called an endowment
- as a legal gift to a person or institution
- is called a grant
- in return for a specific service or right
- is called a fee
- to party for specific rights to use their production
- is called a royalty
- to help offset an expense
- is called a subsidy or subvention
- in advance for the receipt of specific goods and/or services
- is called a subscription
- for the right to make use of a highway or bridge
- is called a toll
- for the killing of a dangerous animal
- is called a bounty
- for the supply of short-term food and drink
- is called a provision
- to a third party as a wager on the outcome of an event
- is called a stake
- as a gift freely given
- is called largess
- to someone as a regular distribution
- is called a dispensation
- in the purchase of real estate
- is called a downpayment
- to reserve the right to purchase something
- is called a deposit
- to secure an item for future purchase
- is called a lay-away
- on the outcome of a future event
- is called a bet or wager
- to offset the cost of something
- is called a defrayment
- to each of a number of people
- is called a distribution
- as share of profits of a company
- is called a dividend
- as a distribution of profits
- is called a payout
- to pay off a debt
- is called a discharge
- prior to being due
- is called an advance
- below the normal price
- is called a discount
- as a fixed annual sum
- is called an annuity
- above the normal price
- is called a premium
- to write off an expense over time
- is called an amortization
- as the result of a court settlement
- is called an award or damages
- to occupy or use something not owned
- is called to rent or to lease or to let
- to party over time who has loaned you money
- is called interest
- at an exorbitant rate of interest
- is called usury
- by post
- is called a remittance
- to victor by defeated belligerent
- is called indemnification
- for a position that requires little work
- is called a sinecure
- as punishment by authorities for breach of law
- is called a penalty or a fine
- to be paid back at a later date
- is called a loan
- to import, export, manufacture or sell goods
- is called a duty or tariff
- to meet expenses
- is called an outlay
- to provide for future expenses
- is called to fund
- to complete the ownership of real estate over time
- is called a mortgage
- to a tenant to secure a sub-lease
- is called key money
- in acknowledgement of a special occasion
- is called a gift or present
- for something that’s exchangeable for goods or services
- is called a token or voucher
- by government to offset the expected expense of a specific action
- is called an appropriation
- as the result of an above average return on an investment
- is called a score
- as an undeserved portion of profits from someone else’s endeavours
- is called a rake-off
- as a means of securing illicit gains
- is called graft
- to an individual to avoid paying income taxes
- is called off the books, under the table or on the side
- to an individual as a portion of receipts received
- is called a share or a cut
- to a charity
- is called a donation, a contribution, a benefaction or being philanthropic
- to someone in need
- is called charity, alms, dole, help, aid, assistance, relief, a handout
- as a result of work done
- is called one’s income, pay, a wage, salary, compensation or earnings
What have I missed?
I can’t think of any more than the above 112 terms used in reference to 79 different payment circumstances.
If you can then please put them in the Comment Section below and I will add them to the list with an appreciative “hat tip”.