Gloss: A penalty for poor performance, the opposite of a bonus.
Part of speech: n.
Quotation: A report by Frankfurt-based Center for Financial Studies has coined a new word—malus. Malus is Latin for “bad” while bonus means “good.” It says if executives can win bonuses for a superior performance, they also need to be exposed to penalties such as salary cuts for presiding over failures, which can have ramifications for financial stability.
Publishing location:
New Delhi, India
Date of publication:
Oct. 21, 2008
This catchword has yet to be researched.