Entity: GRATUITY

GRATUITY Display Name
GRATUITY
Description

A gratuity is a voluntary payment given in addition to the required payment for services rendered, typically as a token of appreciation or generosity.

Wiki Content

GRATUITY

Etymology

The term 'gratuity' originates from the Latin word 'gratuitas', meaning 'free gift'. It evolved from the Latin 'gratuitus', which translates to 'free' or 'freely given'. The modern meaning of 'money given for favor or services' dates back to the 1530s.

Definition

A gratuity is a voluntary payment given in addition to the required payment for services rendered, typically as a token of appreciation or generosity.

Historical Context

Gratuities have a long history, with evidence of tipping practices dating back to ancient civilizations. In modern times, gratuities are common in various service industries, such as restaurants, hotels, and transportation.

Cultural Significance

Gratuities play a significant role in many cultures, often serving as a way to show gratitude and respect for good service. The customs and expectations surrounding gratuities can vary widely across different countries and regions.

Gratuities are closely related to the concept of tipping, which involves giving extra money to service providers. Tipping customs can differ based on cultural norms and societal expectations.

See Also

  • Tip
  • Service Charge
  • Hospitality Industry
Definition

A voluntary payment given beyond obligation, usually for services rendered.

Blockchain Details
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