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.