salary

Definition

Wages received on a regular basis, usually weekly, bi-weekly, or monthly. Sometimes the term is used to include other benefits, including insurance and a retirement plan.

Use salary in a sentence

You need to offer a competitive salary to any workers so that you can hire the most skilled people available.

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John Smith needed to find a new job because his salary at ABC Company would not be enough to cover his loan payment and allow him to maintain his current lifestyle.

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John was paid a weekly salary as compensation for his work at the power plant, which includes payment for his health benefits, unemployment insurance and a robust retirement plan.

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increment Cash or Deferred Arrangement