Underpayment

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Underpayment

The act of paying an amount under the full amount. For example, if one's mortgage payment is $600 per month but one only pays $400 for July, one has underpaid the mortgage. Underpayment is not sustainable and may lead to serious financial difficulties. However, paying what one can afford when one cannot pay the full amount may be easier for both the obligor and the obligee.
References in periodicals archive ?
Today, the VA released a statement attempting to clarify its intent to fully reimburse GI Bill recipients who have been underpaid since August.
The only other time Gallup asked the question, in August 2008, just over half (51%) said they were underpaid, with 49% saying they were paid about right (46%) or were overpaid (3%).
"While it may be inconceivable to suggest CEOs making large pay packages feel underpaid, that might be the case," he said.
By underreporting the company's expected aggregate payroll for 2015-2016, CRV underpaid NYSIF approximately $380,000 for the insurance coverage it received.
Lee Biggins, managing director of CV-Library, said: "The vast majority of workers believe that they're underpaid and it's clear that this feeling is more apparent in the North.
The government is currently running a campaign to raise awareness of the National Living Wage and National Minimum Wage rates, which increased on April 1, 2018, as well as encouraging workers who have been underpaid to complain to HMRC.
"It is really annoying - it is a clerical error," insisted Barbara Condliffe, owner of Condliffe Cleaning Services, which the Government says underpaid two staff PS293.
The employers named underpaid workers by taking deductions from wages for uniforms, underpaying apprentices and failing to pay travel time.
Employers underpaid workers by taking deductions from wages for uniforms, underpaying apprentices and failing to pay travel time.
When loans take a huge chunk of teachers' salaries, one might conclude that these professionals are not actually underpaid, they simply lack financial literacy.
Touching on the case of teachers here, Madam Walker says teachers are also underpaid by government while working in a kind of poor educational environment.
Those firms underpaid more than 9,000 minimum wage workers by [pounds sterling]1.1m.