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piece rate

American  

noun

  1. compensation based on a worker's quantitative output or production, usually an agreed sum per article of work turned out.


piece rate British  

noun

  1. a fixed rate paid according to the quantity produced

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of piece rate

First recorded in 1890–95

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