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Meaning
The term 'per diem' is a Latin phrase that translates to "per day" in English. It refers to a daily allowance or payment typically provided to cover expenses incurred by an employee or traveler while on business or work-related duties. For example, a company may provide its employees with a per diem to cover meals, lodging, and other incidental expenses while traveling for work.
Synonyms
- Daily allowance
- Daily rate
- Per day payment
- Expense reimbursement
- Allowance
Antonyms
- Lump sum
- One-time payment
- Fixed salary
- Total compensation
Etymology
The phrase 'per diem' comes from Latin, where "per" means "for" and "diem" means "day." It has been used in English since the 19th century, particularly in legal and financial contexts related to travel and employment.
Examples
- The company offers a per diem of $50 for meals when employees travel for business.
- While on the conference trip, Jane received a per diem to help cover her lodging costs.
- The organization has a strict policy regarding the maximum per diem allowed for international travel.
- Employees are encouraged to save receipts for expenses incurred above their daily per diem allowance.