Malus definition

(business) The return of performance-related compensation originally paid by an employer to an employee as a result of the discovery of a defect in the performance.

When bank fired the loan originator, they recovered the last two years of her bonuses under the malus clause in her contract.

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Other Word Forms

Noun

Singular:
malus
Plural:
maluses

Origin of malus

  • From Latin, by analogy with bonus (“additional compensation”)

    From Wiktionary