HONORARIUM

n. payment for a professional service

An honorarium is a payment made to a person for their services in a volunteer capacity. This is used by groups such as schools or sporting clubs to pay coaches for their costs. Another example includes the payment to a guest speaker at a conference to cover their travel or accommodation expenses.An example of this are the payments made by Australian schools to their sporting coaches. They are ostensibly receiving a reimbursement for their costs in their voluntary role as coach. The concept of an honorarium has a tax implication. In Australia recipients of these funds make a tax declaration (known as the hobbyist form) to the tax office and therefore do not have to include this money in their annual tax return.
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Noun
1. a fee paid for a nominally free service
(hypernym) reward

n. honorarium, payment for a professional service, payment for services rendered

(a.)
Alt. of Honorary