Meaning of the word honorarium in English

What does honorarium mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

honorarium

US /ˌɑː.nəˈrer.i.əm/
UK /ˌɒn.əˈreə.ri.əm/

Noun

a payment given for professional services that are rendered nominally without charge

Example:
The guest speaker received an honorarium for their presentation.
Many non-profit organizations offer a small honorarium to volunteers for their time and effort.