guaranteed basic wage
guaranteed basic wagethe amount which a worker will receive in remuneration irrespective of the level of company output. For example, in an INCENTIVE SCHEME, should a worker's output fall short of the target set, the guaranteed basic WAGE will still be paid.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson