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Home > QFINANCE Dictionary > Definition of basic pay

Definition of

basic pay


minimum payment a guaranteed sum of money given to an employee in payment for work, disregarding any fringe benefits, allowances, or extra rewards from an incentive scheme.

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Definitions of ’basic pay’ and meaning of ’basic pay’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’basic pay’ and other financial terms with our online QFINANCE Financial Dictionary.

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