contributioncon·tri·bu·tion /ˌkɒntrəˈbjuːʃənˌkɑːn-/ noun1[countableC usually plural] a regular payment made to the government by an employee and their employer so that the employee has the right to receive money from the government when they are ill or unemployedTo qualify for the full basic pension, someone would need to have paid national insurance contributions for most of their working life.
In many pension schemes, you’re allowed to pay additional voluntary contributions to buy a bigger pension.
2[countableC] an amount given to CHARITYHis contributions this year include gifts to the San Francisco library and Museum of Modern Art.
3[countableC usually singular]ACCOUNTING the amount a particular product or activity pays to a company’s OVERHEADsthe contribution the business makes to corporate overheads and the way it is linked to the company’s other operations
4[countableC]INSURANCE an amount that each co-insurer pays to the insurer who actually pays a CLAIMIf the claim exceeds $100 then a contribution should be obtained from the Home Insurer on an independent liability basis.
→ general average contribution