Salary
Definition 1 of 3
Pro Tip 1/3
Regular Payment
Understand that 'salary' implies a set amount received regularly, usually monthly. My salary is deposited into my bank account on the last working day each month.
Pro Tip 2/3
Annual Calculations
Salaries are often discussed annually to compare jobs or negotiate pay. The job offer listed a salary of $50,000 per year.
Pro Tip 3/3
Not Hourly Rate
Unlike wages, 'salary' isn't based on the exact number of hours worked. Even if I work overtime, my salary remains the same.