Meaning & Definition of word "Salary"

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    Salary

    /ˈsæləri/

    noun:

    • 1. A fixed, regular payment made by an employer to an employee, typically calculated on a monthly or annual basis.
      • Example: Her annual salary has increased significantly since she was promoted last year.
    • 2. Compensation for work, often expressed as a yearly amount.
      • Example: He was thrilled to receive a substantial salary after completing his apprenticeship.
    • 3. A sum of money paid to a worker for their services.
      • Example: The company offers a competitive salary package for new hires.

    Etymology

    Late Middle English: from Latin 'salarium', from 'sal', meaning 'salt'; originally referring to money given to Roman soldiers to buy salt.

    Common Phrases and Expressions

    salary increase:

    An increase in the amount of money paid to an employee as compensation.

    annual salary:

    The total amount of money an employee earns in one year before taxes and deductions.

    base salary:

    The initial rate of compensation an employee receives, not including bonuses and additional benefits.

    Related Words

    wage:

    A fixed regular payment earned for work, typically calculated by the hour, day, or piece.

    bonus:

    An additional payment awarded to an employee beyond their normal salary.

    commission:

    A fee paid to an employee or agent based on sales or performance.

    Slang Meanings of salary

    Meaning: Cheddar

    Example Sentence: He makes a lot of cheddar working in finance.

    Meaning: Dough

    Example Sentence: She needs to save up some dough for her vacation.