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2017 Word of the Year

guaranteed annual wage

noun
1.
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.
Origin of guaranteed annual wage
1935-1940
First recorded in 1935-40
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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