Merit Pay

Business / Human Resources (HR) / Merit Pay: A compensation system whereby base pay increases are determined by individual performance.

Other Words for Merit

Merit Noun Synonyms: earn, deserve, warrant, rate, have a right or claim to, be entitled to, be qualified for, be worthy of
Merit Verb Synonyms: worth, worthiness, value, excellence, quality, virtue, good, goodness
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Other Words for Pay

Pay Verb Synonyms: extend, bestow, transmit, pass on, give, deliver
Pay Noun Synonyms: recompense, compensate, remunerate, reward, indemnify, repay, refund, reimburse, pay off, pay out, pay up, satisfy, clear, remit, discharge, liquidate, settle, honor, meet
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Payment Limitation

Business / Agriculture / Payment Limitation: The maximum annual amount of commodity program benefits a person can receive by law. Persons are defined under payment limitation regulations, established by USDA, to be individuals, members of joint MORE

Payment Quantity

Business / Agriculture / Payment Quantity: The quantity of production eligible for production flexibility contract payments under the FAIR Act of 1996. Payment quantity is calculated as the farm’s program yield (per acre) multiplied by 85% o MORE

Payment Rate

Business / Agriculture / Payment Rate: Generally, the amount paid per unit of production (i.e., bushel, pound, hundredweight) to each participating farmer for eligible production under commodity income and price support programs. MORE

Payment Float

Business / Finance / Payment Float: Company-written checks that have not yet cleared. MORE

Payment Date

Business / Finance / Payment Date: The date on which shareholders of record will be sent a check for the declared dividend. MORE

Paying Agent

Business / Finance / Paying Agent: An agent who makes principal and interest payments to bondholders on behalf of the issuer. MORE

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