Bonus: meaning, definitions and examples

An extra payment given to employees, usually related to their performance or the company's profitability.

• The company gave all its employees a holiday bonus
• She received a substantial bonus for her outstanding sales

Something given in recognition of service, effort, or achievement, sometimes used in general contexts not necessarily related to work.

• The police offered a reward for information leading to the capture of the suspect
• He received a reward for his years of dedicated service

Something given as a reward to the winner of a competition, contest, or lottery.

• She won the first prize in the science fair
• The grand prize for the raffle is a new car

An additional amount of money paid, often for something of higher quality or better service, or in insurance contexts.

• Customers pay a premium for organic fruits
• My health insurance premium increased this year

Something that motivates or encourages someone to do something, often used in a business or work environment.

• The company offered a cash incentive to employees who met their quarterly targets
• Tax incentives are available for businesses that invest in renewable energy

Used in the context of work or achievement, typically referring to an additional sum of money given to employees.

• Employees receive a bonus at the end of the year based on their performance
• She received a bonus for meeting her sales targets

Used in contexts where motivation or encouragement is needed, often in workplaces or programs to stimulate performance or participation.

• The company offered an incentive to employees who work overtime
• There is a tax incentive for businesses that adopt green practices

Refers to non-monetary benefits or privileges that come with a job or membership, often informal and seen as a plus but not essential.

• One of the perks of working here is access to the company gym
• Free coffee is a nice perk at the office

Used in various contexts to indicate something additional or beyond the regular amount. Can refer to items, time, money, etc.

• I always carry some extra cash for emergencies
• He asked for an extra blanket because it was cold at night

Can refer to higher quality or additional cost; often used in insurance, finance, or premium services/products.

• You have to pay a premium for luxury items
• He opted for the premium package which includes extra features