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pay
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    Also found in: Dictionary/thesaurus, Legal, Financial, Idioms 0.01 sec.

pay

Financial reward given by employers to employees for their work. Take-home pay or net pay is pay after income tax, national insurance contributions, and any other deductions have been taken away. Gross pay is before deductions.

The pay of manual workers is normally called their wage; white-collar workers are usually said to receive a salary. The total pay or earnings of workers include their basic pay – that is, the pay they receive for working their basic week or month – plus overtime payments, bonus payments, and any other monies given by employers. Pay is an important motivator of individual workers.
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Some councils seem to be making the cynical calculation that they can afford to pay out compensation, rather than invest in improving pavements.
Red faces as 'flagship' city foots pounds 5.5m street falls bill; ... by Daily Post (Liverpool, England)
They were also criticised for agreeing to PRA receiving a percentage of compensation pay outs, and for not informing clients clearly enough about the relationship.
Top firm's solicitors rebuked by The Journal (Newcastle, England)
Insurance giants Norwich Union and Zurich are appealing against a court ruling that insurers should pay out for people with pleural plaques, a scarring of the lung lining caused by exposure to asbestos.
Agony goes on by Evening Chronicle (Newcastle, England)
 
 
 
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