Remunerates financial definition of remunerates
Compensation (redirected from remunerates)
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Arrangement under which the delivery of goods to a party is paid for by buying
back a certain amount of the product from the recipient of the goods.
rendered. One is due compensation when one has performed a service for an employer or client. Examples of compensation include wages
, and commissions
. Compensation is usually the primary component of an individual's tax liability
. It is also called remuneration.
(1) Payment for goods or services.(2) Damages necessary to restore an injured party to his or her position before the wrongdoing.(3) In eminent domain, payment to property owners for the value of the property taken and any damage caused to the value of the remaining property.
Wages, commissions, tips, professional fees, and net self-employment income received for services rendered; that is, earned income.
References in periodicals archive
So Cirque remunerates
the performers so that they can afford good lodging, food, and health maintenance.
They in turn pay the monthly fee to a finance company, which remunerates
Sinclair said today: "I am amazed, appalled and angry at a scheme that remunerates
managers not for what the company earns, but for what it spends.