Rate Of Payment (Noun)
Meaning
The amount of money paid out per unit time.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The employee's rate of payment is higher for working overtime on weekends.
- Their monthly income can be determined by their rate of payment per hour.
- As inflation increased the company decided to review its employees rate of payment annually.
- Students loans payments will typically require a specific rate of payment for each payment.
- Salary negotiators considered their target employee's experience to establish an ideal rate of payment.