salary, fixed

salary, fixed definition - legal

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 Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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