guaranteed annual wage


guaranteed annual wage
noun
: an arrangement whereby an employer guarantees his employees a minimum amount of wages or employment during a year

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a provision in a contract with an employer guaranteeing the employee a minimum income or work over a period of one year. Also called annual wage.
[1935-40]

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guaranteed annual wage,
a labor agreement providing for compensation during unemployment if a worker's yearly earnings fall below a specified amount. Abbr: G.A.W.

Useful english dictionary. 2012.

Look at other dictionaries:

  • guaranteed annual wage — a provision in a contract with an employer guaranteeing the employee a minimum income or work over a period of one year. Also called annual wage. [1935 40] * * * …   Universalium

  • guaranteed annual wage — Provision in labor agreement in which employer agrees to pay an employee a certain basic sum of money each year, even though the employee has an hourly or weekly salary arrangement …   Black's law dictionary

  • guaranteed annual wage — Provision in labor agreement in which employer agrees to pay an employee a certain basic sum of money each year, even though the employee has an hourly or weekly salary arrangement …   Black's law dictionary

  • guaranteed annual wage — An undertaking by an employer that he will pay a specified total amount in wages during the year to an employee employed by the hour or the day …   Ballentine's law dictionary

  • guaranteed annual income — 1. Also called guaranteed income. compensation provided by the government to any family or individual whose annual income falls below a specified level. 2. See guaranteed annual wage. [1965 70] * * * …   Universalium

  • guaranteed annual income — 1. Also called guaranteed income. compensation provided by the government to any family or individual whose annual income falls below a specified level. 2. See guaranteed annual wage. [1965 70] …   Useful english dictionary

  • annual wage. — See guaranteed annual wage. * * * …   Universalium

  • annual wage — noun : guaranteed annual wage …   Useful english dictionary

  • annual wage. — See guaranteed annual wage …   Useful english dictionary

  • wage — Synonyms and related words: base pay, carry on, compensation, conduct, dismissal wage, do, earnings, employ, engage in, escalator clause, escalator plan, exercise, financial remuneration, follow, go in for, gross income, guaranteed annual wage,… …   Moby Thesaurus