payment by time

payment by time

a PAY system in which a worker's WAGES are typically a function of the hourly ‘basic’ WAGE RATE for the job and the number of hours constituting the ‘basic’ working week, plus any OVERTIME payments. See SALARY, WORK STUDY.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

payment by time

see PAY.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005