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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

Malus Sentence Examples

  • The fact that other philosophers, notably Etienne Louis Malus and Augustin Fresnel, were pursuing the same investigations contemporaneously in France does not invalidate Brewster's claim to independent discovery, even though in one or two cases the priority must be assigned to others.

  • Malus and of Thomas Young, this part of his life is closely interwoven.

  • The kings great triumphs were the conclusion of the Intercursus Magnus of 1496 and the Intercursus Malus (so called by the Flemings, not by the English) of 1506.

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Words near malus in the Dictionary