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Per diem
Per diem is a Latin word that means by (per) the day (diem).
Per diem is a Latin word that means by (per) the day (diem). It refers to daily allowances paid to employees to cover expenses incurred while on a business trip such as food, transit costs, client entertainment, or other incidentals. Per Diems can be set up to be reimbursed based on receipts, or advanced to employees to cover expected expenses. On occasion, employees may be issued a credit card which they are to use for the purpose. Per Diems can be fixed amounts and can also be either full or partial coverage of an expense.
Related Glossaries
Relocation
Employers may require employees to relocate to another city or country as part of a job offer.
Exit interview
An exit interview is a meeting with an employee who is about to leave, or has recently left.
BIC
BIC stands for Bank Identifier Code.
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