per diem
The term "per diem" originates from Latin, meaning "by the day," and is commonly used in business and finance contexts.
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Definition
C1Business Travel
(formal)A daily allowance provided to employees to cover travel-related expenses such as lodging and meals.
Example
- The company offers a per diem to cover meals and accommodations during business trips.
- Employees receive a per diem to simplify the process of managing travel expenses.
B2General
Calculated or paid by the day.
Example
- The consultant's fee was determined on a per diem basis.
Similar
Terms that have similar or relatively close meanings to "per diem":