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Home > QFINANCE Dictionary > Definition of payment by results

Definition of

payment by results

Finance

making pay dependent on work output a system of pay that directly links an employee's salary to his or her work output

Recommended Further Reading (Term count)
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    SEPA is the result of actions taken by the banking industry in 2002, when the industry created the European Payments Council (EPC) to define the standards, frameworks, and rules for euro payments. SEPA enables individuals, companies, and other stakeholders to make and receive payments in euros within Europe, whether across or within national boundaries, under the same basic conditions, rights, and obligations, regardless of their location
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Definitions of ’payment by results’ and meaning of ’payment by results’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’payment by results’ and other financial terms with our online QFINANCE Financial Dictionary.

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