contribution
noun
uk/ˌkɒntrɪˈbjuːʃən/ us [ usually plural ] HR
payments from a company or employee to pay for an employee's benefits such as medical insurance or a pension:
He should be investing at least 10% of his salary (including his employer's contributions).
Her plan automatically increases her pension contributions each year.
[ C ] FINANCE
money given to a person or organization in order to help them achieve a particular goal:
Funding would come from the state budget, but it could include private contributions and insurance money from contractors.
He raised $1.2 million in campaign contributions.
[ C or U ] ACCOUNTING
the amount of money earned from a product, service, or activity which is used to pay for its overheads (= regular and necessary costs of operating a business):
Earnings from operations were up 19% year over year, largely driven by increased contributions from the company's graphics business.
[ C or U ] INSURANCE
the part of the total insurance payment that one insurance company pays to a customer, when more than one insurance company provides insurance for the same injury, accident, loss, etc.
See also
defined contribution
general average loss