Properties
Alt label
- Ex-gratia payments
SES ID
- 10184
- 362489
Notation
- 10184
In scheme
Broader
Definition
- Sum of money paid when there was no obligation or liability to pay it, e. g. a lump sum payment over and above the pension benefits of a retiring employee. In insurance claims, it may take the form of payment for which the insurer did not appear to be liable.