Bonus
Bonus is something in addition to what is expected or strictly due. In worker's compensation, bonus is a pay plan that rewards employees for recent performance rather than historical performance. In a legal partnership, an equity bonus is a payment by a new partner or, vice versa, to a new partner.
Definitions
According to Organizational Behavior by Robbins and Judge (17th edition),
- Bonus. A pay plan that rewards employees for recent performance rather than historical performance.
According to College Accounting: A Practical Approach by Slater (13th edition),
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particular enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
