malus
C2CEFR level
93/100Rarity: very rare
TechnicalRegister
Law noun
A provision allowing unvested or deferred remuneration to be reduced or cancelled before payment.
The remuneration committee applied malus to the executives' deferred bonuses after the misconduct came to light.
Business noun
A contractual mechanism that reduces or cancels an employee's unvested variable pay when performance or conduct later proves poor.
When the trading losses surfaced, the remuneration committee applied malus to the desk head's deferred stock before it ever vested.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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