fixed salary

fixed salary
(fixed )salary
n. An agreed-upon amount of money in exchange for services that may be set at a fixed hourly rate, but that is usually figured on a yearly basis and does not vary with the amount of goods the employer sells.
See also commission.

Webster's New World Law Dictionary. . 2000.

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  • fixed salary — predetermined employment wage, salary whose total is unaffected by the number of hours worked …   English contemporary dictionary

  • fixed salary — One which is definitely ascertained and prescribed as to amount and time of payment, and does not depend upon the receipt of fees or other contingent emoluments; though not necessarily a salary which cannot be changed by competent authority.… …   Black's law dictionary

  • fixed salary — One which is definitely ascertained and prescribed as to amount and time of payment, and does not depend upon the receipt of fees or other contingent emoluments; though not necessarily a salary which cannot be changed by competent authority.… …   Black's law dictionary

  • salary — sal·a·ry n pl ries: fixed compensation paid regularly for services sal·a·ried adj Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. salary …   Law dictionary

  • fixed — I (securely placed) adjective anchored, certus, fast, fastened, firm, firmly established, firmly implanted, firmly seated, firmly set, immovable, irremovable, made fast, permanent, rendered stable, rigid, secure, set, solid, sound, stable,… …   Law dictionary

  • salary — A reward or recompense for services performed. In a more limited sense, a fixed periodical compensation paid for services rendered. A stated compensation paid periodically as by the year, month, or other fixed period, in contrast to wages which… …   Black's law dictionary

  • fixed — adjective a) Not changing, not able to be changed, staying the same. fixed assets b) Stationary. I work fixed hours for a fixed salary …   Wiktionary

  • fixed pay — A pre determined set amount of money payable to an employee, for example basic salary. Related links basic salary Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • Salary — Sal a*ry, n.; pl. {Salaries}. [F. salaire, L. salarium, originally, salt money, the money given to the Roman soldiers for salt, which was a part of their pay, fr. salarius belonging to salt, fr. sal salt. See {Salt}.] The recompense or… …   The Collaborative International Dictionary of English

  • salary — ► NOUN (pl. salaries) ▪ a fixed regular payment made by an employer to an employee, especially a professional or white collar worker. ORIGIN Latin salarium, originally denoting a Roman soldier s allowance to buy salt, from sal salt …   English terms dictionary

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