guaranteed annual wage


noun

a provision in a contract with an employer guaranteeing the employee a minimum income or work over a period of one year.

Nearby words

  1. guarana,
  2. guarani,
  3. guarantee,
  4. guaranteed,
  5. guaranteed annual income,
  6. guaranteed bond,
  7. guaranteed stock,
  8. guarantor,
  9. guaranty,
  10. guaraní

Origin of guaranteed annual wage

First recorded in 1935–40

Also called annual wage.

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019