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Per diem (Latin for "per day" or "for each day") or daily allowance is a specific amount of money that an organization gives an individual, typically an employee, per day to cover living expenses when travelling on the employer's business. A per diem payment can cover part or all of the expenses incurred. For example, it may include an ...
An organization may refund or reimburse these costs on the basis of an itemized list, or may conclude that cost of doing so is disproportionately high and instead pay a per diem ("per day") allowance. This provides a budget from which the traveler may recover their costs.
Per diem interest is the daily interest charged on a home loan for a brief time. It may not amount to a lot, but the concept is important for determining your interest costs between your closing ...
For example, company employees may be given an allowance or per diem to provide for meals, and travel when they work away from home, and then be required to provide receipts as proof, or they may be provided with specific non-money tokens or vouchers such as a meal voucher that can be used only for a specific purpose. [citation needed]
In addition to the salary, commissioners receive a per diem fee of $50 per meeting, which will increase to $75 per meeting. ... With the exception of Marquette County, which pays $8,000 and no per ...
Per diem (pronounced by some U.S. railroaders per die-um, not per dee-um) A fee paid by a rail company to the owner of a car (or wagon) for the time it spends on the company's property [171] [175] An authorized living expense payment for some workers forced away from their home terminal [171] [176] Permissive signal
Additionally, when paying with your domestic credit card, a 2.5% foreign exchange fee will typically apply. The solution? “An international travel credit card with free foreign exchange is one ...
This fee was intended to support maintenance costs of the boxcars, as the more traffic a railroad handled, the more boxcars it was expected to own. [1] The per diem was also intended to discourage railroads from delaying boxcars of other railroads. [2] A typical per diem fee in the 1970s was around $12 per day. [1]