Monday, May 25, 2015

PERQUISITES

WORD: PERQUISITES

MEANING:
1. A payment, profit, or benefit received in addition to a regular wage or salary, especially when due or expected.
2. Something regarded or claimed as an exclusive right by virtue of one's social position or rank: "The family had the perquisites of the upper-middle class, employing a maid, a chauffeur-gardener, and an Irish Catholic nanny" (Ira Bruce Nadel). See Synonyms at right.
3. A gratuity; a tip.
4. privileges, freebies, advantages

EXAMPLE/USAGE:
1. Mukesh Ambani's remuneration for 2013-14 included Rs 4.16 crore as salary, perquisites and allowances of Rs 60 lakh, retirement benefits of Rs 83 lakh and Rs 9.41 crore as commission on profit.
2. His perquisites includes the use of company house.

PRONOUNCE:
per·qui·site - पर्क्वज़िट्स / पर्क्विज़िट्स

LINK: PERQUISITES

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