Web1. formal : an amount of money given to a person (such as a waiter or waitress) who has performed a service : tip. A 15 percent gratuity is automatically added to the … Webnoun [ C ] COMMERCE uk / ɡrəˈtjuːəti / us plural gratuities. an amount of money given by a customer to someone who has provided a service, especially in a hotel or restaurant: …
Gratuity financial definition of gratuity - TheFreeDictionary.com
WebJan 12, 2024 · Gratuity is a lumpsum amount paid by an employer to its employees at the time of their retirement, superannuation or death. It is a way by which an employer expresses its thankfulness to its employees for remaining in continuous service. Etymologically, gratuity, a word derived from gratitude, is a reward given voluntarily. Webgratuity. ( ɡrəˈtjuːɪtɪ) n, pl -ties. 1. (Commerce) a gift or reward, usually of money, for services rendered; tip. 2. something given without claim or obligation. 3. (Military) … seoul-marathon.com
Gratuity Definition & Meaning - Merriam-Webster
WebMar 15, 2024 · What is gratuity? Gratuity is the amount employees receive as a part of their gross compensation from their employer. It’s regulated under the Payment of … WebNov 12, 2024 · Tips (Gratuity) Generally, a "gratuity" or a "tip," is a voluntary amount – i.e., it is entirely at the option of the patron to include this amount on the bill for the services rendered. Gratuities are generally not mandatory, and are not automatically added to the bill. Labor Code Section 350 defines "gratuity" to "include [] any tip ... Web: a gift or a sum of money tendered for a service performed or anticipated : gratuity Phrases tip the scales 1 : to register weight tips the scales at 285 pounds 2 : to shift the balance of power or influence tipped the scales in … seoul march weather