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Bonus

Bouvier's Law Dictionary and Concise Encyclopedia · John Bouvier; revised by Francis Rawle · 1914

Bouvier's Law Dictionary and Concise Encyclopedia

A premium paid to a grantor or vendor. A sum exacted by the state from a corporation as a consideration for granting a charter; in such case it is clearly distinguished from a tax; Baltimore & O. R. Co. v. Maryland, 21 Wall. (U. S.) 456, 22 L. Ed. 678; Com. v. Transp.

Co., 107 Pa. 112.

A consideration given for what is received. Extraordinary profit accruing in the operation of a stock company or private corporation.

10 Ves. Ch. 185; 7 Sim. 634; 2 Spence, Eq. Jur. 569.

An additional premium paid for the use of money beyond the legal interest.

Mechanics' & Working Men's Mut. Sav. Bank & Bldg. Ass'n of New Haven v. Wilcox, 24 Conn. 147.

It it not a gift or gratuity, but is paid for some services or consideration and is in addition to what would ordinarily be given; Kenicott v. Wayne County, 16 Wall. (U. S.) 452, 21 L. Ed. 319. In its original sense of good the word was formerly much used. Thus, a jury was to be composed of twelve good men (boni homines); 3 Bla. Com. 349; bonus judex (a good judge).

Co. Litt. 246.