salary

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Related to salaried: Salaried Partner, Salaried employee
See: commission, compensate, compensation, earnings, fee, honorarium, income, pay, payment, payroll, recompense, remittance, remunerate, revenue, wage

SALARY. A reward or recompense for services performed.
     2. It is usually applied to the reward paid to a public officer for the performance of his official duties.
     3. The salary of the president of the United States is twenty-five thousand dollars per annum; Act of l8th Feb. 1793; and the constitution, art. 2, s. 1, provides that the compensation of the president shall not be increased or diminished, during the time for which he shall have been elected.
     4. Salary is also applied to the reward paid for the performance of other services; but if it be not fixed for each year, it is called honorarium. Poth. Pand. h.t. According to M. Duvergier, the distinction between honorarium and salary is this. By the former is understood the reward given to the most elevated professions for services performed; and by the latter the price of hiring of domestic servants and workmen. 19 Toull. n. 268, p. 292, note.
     5. There is this difference between salary and price; the former is the reward paid for services, or for the hire of things; the latter is the consideration paid for a thing sold. Lec. Elem. Sec. 907, 908.

References in periodicals archive ?
3) According to Budget proposals, salaried individuals will get a standard deduction of Rs 40,000 on income in place of the present exemption allowed for transport allowance and reimbursement of miscellaneous medical expenses.
Salaried workers are substantially more satisfied than hourly workers in eight of the 13 job aspects tested, with the biggest gaps seen on vacation time (65% vs.
A salesman at a readymade dresses' shop at Aabpara Raja Babar said 'though business class has started shopping but Islamabad is home of the salaried class and we are expecting a boom in our sale as this month they will be paid their monthly earnings few days early because of eid.
SBI managing director for national banking, Rajnish Kumar said the 25 bps reduction is applicable to new women borrowers who are salaried, while the reduction is 20 bps for non- salaried women.
Practically speaking, non-exempt salaried employees must be required to keep track of all hours that they work and do not work--just like non-exempt hourly employees.
PTU Central President Syed Sajjad Akbar Kazmi, General Secretary Rana Liaqat Ali, Mohammad Aslam Ghumman, Zafar Sindhu and others apprecaited the government for extending annual taxable income from 4,00,000 to 5,00,000 of the salaried class and reducing ratio from five percent to two percent which would give relief to the employees.
This decision allows the apartment industry to continue to classify salaried apartment managers as exempt employees," Kimberly Miers, a shareholder in Littler's Dallas office and lead attorney representing Lindsey Management, said in a news release.
It is stated, This initiative by Askari Bank and Atlas Honda aims to explore the untapped motorbike leasing segment by offering highly attractive financing terms to salaried class in accordance with the Shariah guidelines.
Thirty salaried positions are being cut in Golden, CO, and twenty-seven salaried positions in Milwaukee, WI, among others.
Chrysler Group, a United States-based automaker, is planning to freeze its salaried employee defined benefit pension plans, effective December 31, 2014.
Under the terms of the agreement, Prudential has received approximately USD 25b in premium from the General Motors Retirement Program for Salaried Employees for the purchase of a group annuity contract.
For executives, salaried exempt and salaried nonexempt workers, Aon Hewitt projects base pay increases of 3.