If your new boss starts talking about the monthly emoluments you'll receive at your new job and you've never heard the term before, you may be confused. However, "monthly emolument" is just a slightly unusual way of referring to something almost everyone is familiar with: monthly pay.
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Merriam Webster defines emolument as "the returns arising from office or employment, usually in the forms of compensation and perquisites." So, an emolument can refer to whatever you're receiving from your employers in return for working for them. Most commonly, it will describe your pay and benefits.
Worded in this way, the phrase is probably meant to distinguish between monthly pay and pay that would be received at another interval, such as quarterly or every week. Anyone talking to you about "monthly emoluments," not just "salary" or "compensation," is stressing not just that money will change hands, but that this will happen once a month.
Other Common Usage
When not being used in order to distinguish monthly from weekly pay, the phrase "monthly emolument" or emoluments is often used to refer to the amount you receive each month. For example, "Your monthly emolument will be £650," or "Contributions will be deducted from your monthly emoluments."
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