Part of speech: Noun. (Verb form is "to remunerate")
Pronunciation: "rih-moo-ner-RAY-shun" or "ree-myoo-ner-RAY-shun"
Meaning: a formal word that refers to an amount of money paid to someone for a service, loss, or expense, or to the act of paying such an amount.
Synonyms: compensation, disbursement, giving, paying, payment, recompense, remitment, remittance
In a sentence: The actor was offered a modest speaking fee by the host as remuneration for giving her speech at the awards ceremony.
History: c. 1400, remuneracioun, "reward, recompense, payment," from Old French remuneracion and directly from Latin remunerationem (nominative remuneratio) "a repaying, recompense," noun of action from past-participle stem of remunerari "to pay, reward," from re- "back" (see re-) + munerari "to give," from munus (genitive muneris) "gift, office, duty" (see municipal).
Trivia: Our evidence shows remuneration to be most at home in writing that concerns financial matters, especially when large amounts of money or forms of compensation are involved. Whether it's because money is often expressed in numerals, or simply because the n and m are adjacent to each other on our keyboards, reMUNeration often appears misspelled as reNUMeration. It pays to know, however, that in fact, renumeration is a distinct term, a rare word meaning "the act of enumerating again" (enumerate means "to list" or "to count").
From Merriam-Webster’s Word of the Day, 25 June 2024
and from Etymonline's entry for remuneration