Online Encyclopedia

SALARY

Online Encyclopedia
Originally appearing in Volume V24, Page 60 of the 1911 Encyclopedia Britannica.
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SALARY  , a

payment for services rendered, usually a stipulated sum paid monthly, quarterly,
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half-yearly or yearly, and for a permanent or lengthy
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term of employment . It is generally contrasted with " wages," a term applied to weekly or daily payment for
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manual services . As laid down by Bowen, L . J., In re Shine (1892)) 1 Q.B . 529, " Salary means a definite payment for
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personal services under some contract and computed by time." The Latin salarium meant originally salt
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money (
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Lat. sal, salt), i.e. the sum paid to soldiers for salt . In
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post-Augustan Latin the word was applied to any allowance, pension or
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stipend .

End of Article: SALARY
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ALONSO JERONIMO DE SALAS BARBADILLO (c. 1580-1635)

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