Answer Posted / jayanta mohanty
Exgratia word has come from Latin word.It's literary
meaning is something extra ,over and above the liabilty.
Thus the Exgratia payments refers to a payment made to
someone in addition to the actual liability to pay.
For example, a lump sum payment over and above the pension
benefits of a retiring employee.Ex-gratia is Latin form,
from favor or as a favor. Also called ex-gratia settlement.
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