salary freeze

salary freeze definition - finance
A company-wide policy in which salaries are frozen at their present level and no raises are allowed. Salary freezes are enacted in bad economic times in order to limit cost increases, and they are lifted when business conditions improve.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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