malus

Noun

(plural maluses)

(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.

Usage notes

Might occur in financial services in connection with defaulted loans.

Origin

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

English Wiktionary. Available under CC-BY-SA license.

Link/Cite

Link to this page

Cite this page

MLA Style

"malus." YourDictionary, n.d. Web. 14 January 2019. <https://www.yourdictionary.com/malus>.

APA Style

malus. (n.d.). Retrieved January 14th, 2019, from https://www.yourdictionary.com/malus

SentencesSentence examples

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.
PEAR (Pyrus communis), a, member of the natural order Rosaceae, belonging to the same genus as the apple (P. malus), which it resembles in floral structure.
ETIENNE LOUIS MALUS (1775-1812), French physicist, was born at Paris on the 23rd of June 1775.
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.

Also Mentioned In

WORDS NEAR malus IN THE DICTIONARY