What are payments for damages called?

Compensatory damages are money awarded to a plaintiff to compensate for damages, injury, or another incurred loss. Compensatory damages are awarded in civil court cases where loss has occurred as a result of the negligence or unlawful conduct of another party.

What is a word that means not paid for?

Find another word for unpaid. In this page you can discover 44 synonyms, antonyms, idiomatic expressions, and related words for unpaid, like: outstanding, due, not discharged, past due, unsettled, voluntary, unliquidated, undefrayed, pro-bono, donated and gratuitous.

What is another word for damages?

What is another word for damage?harminjuryimpairmentdevastationhurtlossmutilationruindefacementdefilement187

What is another word for compensated?

Some common synonyms of compensate are indemnify, pay, recompense, reimburse, remunerate, repay, and satisfy. While all these words mean “to give money or its equivalent in return for something,” compensate implies a making up for services rendered.

What does compensated mean?

: to provide something good as a balance against something bad or undesirable : to make up for some defect or weakness. : to give money or something else of value to (someone) in return for something (such as work) or as payment for something lost, damaged, etc.

What is the opposite of compensation?

Antonyms: deprivation, injury, nonpayment, gratuity, donation, fraudulence, damage. Synonyms: remuneration, equivalent, wages, pay, allowance, restoration, restitution, satisfaction, atonement, expiation, indemnification, amercement, damages.

How do I ask for compensation?

If you’re asking about salary, use the word “compensation” rather than “money and ask for a range rather than a specific number. Likewise, if you want to find out about work-life balance, it may be more useful to approach the topic in terms of “office culture.”

What is another word for reimbursement?

Some common synonyms of reimburse are compensate, indemnify, pay, recompense, remunerate, repay, and satisfy.

What is the meaning of remuneration?

Remuneration is payment or compensation received for services or employment. This includes a base salary and any bonuses or other economic benefits that an employee or executive receives during employment.

What are the types of remuneration?

RemunerationThe Amounts and Types of Remuneration. The amount of remuneration an individual receives – and what form it takes – depends on several factors. Minimum Wage. Minimum wage is one type of remuneration. Deferred Compensation. Another type of remuneration is known as deferred compensation. Additional Resources.

What is a reasonable remuneration?

Reasonable remuneration is provided after taking into consideration the remuneration of the same positions in other companies in the market; the scope of authority and contribution to the Company’s business goals; the risk of decisions made by the position; the risk of not being able to attain business goals; and the …

What is difference between remuneration and salary?

14 November 2019 Salary consists of yearly gross wages. Employer can paid this in an hourly rate or a fixed amount on regular basis. Remuneration includes salary, commission, compensation, and wages. Hence salary & remuneration is one and the same thing, remuneration being a wider term which includes salary.

What is consolidated remuneration?

Consolidated pay or salary a person is offered is the amount a person gets for the work done, on monthly/weekly/ basis. It consists of all the entitlements joined together, without specifically stating any breakups. It can be stated as consolidated gross and any statutory deductions will be on the consolidated amount.

What is remuneration paid?

Remuneration includes all payments, benefits or allowances that must be included in the income of an employee under sections 5, 6, or 7 of the Income Tax Act (Canada).

Is a stipend a salary?

A stipend is a predetermined amount of money that’s paid to trainees, interns, and students to help offset expenses. Stipends are often provided to those who are ineligible to receive a regular salary in exchange for the duties they perform. A stipend is generally lower pay than a salary.

Is a stipend tax free?

Because stipends are awards and not wages for services, Social Security and Medicare taxes are not withheld. Stipends are still considered taxable income, though. It’s important to note that recipients of a stipend are not self-employed so you don’t need to pay self-employment taxes.

Does a stipend have to be paid back?

A stipend does not count as wages earned, so no Social Security or Medicare taxes get withheld. However, a stipend does count as taxable income, so you will need to plan to set aside money for the taxes you will owe on your stipend at the end of the year.

Can you pay hourly employees a stipend?

The FLSA also allows for wages to be paid in the form of a stipend, salary, or other non-hourly wage provided that, when converted to an hourly rate each workweek, it satisfies minimum wage and overtime pay requirements.

What is tax free stipend?

Tax free stipends are just that, payments to cover expenses incurred while traveling away from one’s tax home.

Is a stipend paid all at once?

Whether it’s an internship or apprenticeship, a stipend is a set amount of money that helps offset living expenses. This fixed amount is financial support provided while you’re engaged in a service or contributing to a project. It may be paid in a lump sum or in smaller increments.