basic wage

noun
variants: or basic salary

Definition of basic wage

1 : a wage or salary based on the cost of living and used as a standard for calculating rates of pay
2 : a rate of pay for a standard work period exclusive of such additional payments as bonuses and overtime

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Cite this Entry

“Basic wage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/basic%20wage. Accessed 29 Nov. 2020.

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