Term of the Day salary Agreed-upon and regular compensation for employment that may be paid in anyfrequency but, in common practice, is paid on monthly and not on hourly, daily, weekly, or piece-work basis. Learn more about this term Usage Example An employee's salary and any bonuses given are included in a company's expenses and therefore are tax deductible.

Featured Article Maintaining Solid Corporate Ethics in International Business The spread of international business, in which larger multinational corporations outsource production to poorer nations in order to cut costs, has created...