What's the difference between payment and remuneration?

Payment


Definition:

  • (n.) The act of paying, or giving compensation; the discharge of a debt or an obligation.
  • (n.) That which is paid; the thing given in discharge of a debt, or an obligation, or in fulfillment of a promise; reward; recompense; requital; return.
  • (n.) Punishment; chastisement.

Example Sentences:

  • (1) However, some contactless transactions are processed offline so may not appear on a customer’s account until after the block has been applied.” It says payments that had been made offline on the day of cancellation may be applied to accounts and would be refunded when the customer identified them; payments made on days after the cancellation will not be taken from an account.
  • (2) At the heart of the payday loan profit bonanza is the "continuous payment authority" (CPA) agreement, which allows lenders to access customer bank accounts to retrieve funds.
  • (3) The way we are going to pay for that is by making the rules the same for people who go into care homes as for people who get care at their home, and by means-testing the winter fuel payment, which currently isn’t.” Hunt said the plan showed the Conservatives were capable of making difficult choices.
  • (4) Focusing on two prospective payment systems that operated concurrently in New Jersey, this study employs the hospital department as the unit of analysis and compares the effects of the all-payer DRG system with those of the SHARE program on hospitals.
  • (5) It ignores the reduction in the wider, non-NHS cost of adult mental illness such as benefit payments and forgone tax, calculated by the LSE report as £28bn a year.
  • (6) But the company's problems appear to be multiplying, with rumours that suppliers are demanding earlier payment than before, putting pressure on HTC's cash position.
  • (7) Finally, before the advent of the third-party payment, operations were avoided because of the financial burden.
  • (8) Initial analysis suggests that about one-fifth of gross costs would be directly returned to the public purse via income tax and national insurance payments.
  • (9) In 2013 it successfully applied for a Visa Innovation Grant , a fund for development and non-profit organisations seeking to adopt or expand the use of electronic payments to those living below the poverty line.
  • (10) Pensioners, like those in receipt of long-term social welfare payments or those who can prove they cannot provide their heating needs during winter, are entitled to a means-tested weekly winter fuel allowance of €20 (£ 14.54) per household.
  • (11) Most (86 percent) had educational debt (mean = $20,500), and more than half of those with debt were making loan payments.
  • (12) It would cost their own businesses hundreds of millions of pounds in transaction costs, it would blow a massive hole in their balance of payments, it would leave them having to pick up the entirety of UK debt.
  • (13) Tomorrow the courts are expected to sign off a $97.5m payment by the company to its shareholders, after investors took a class action lawsuit against the company.
  • (14) The payments were for services ranging from "project management" to "HR consultancy", according to the academy chain's company accounts.
  • (15) The four most common types of insurance that protect your income are income protection insurance, critical illness cover, life insurance, and payment protection insurance.
  • (16) In a 2011 interview with the Financial Times he said: “JPMorgan doesn’t have a chance in hell of not coming up with a big settlement.” He claimed: “There were people at the bank who knew what was going on.” The payment brings the total of fines imposed on JP Morgan to nearly $20bn in the past year.
  • (17) Gerson Zweifach, general counsel for both News Corp and 21st Century Fox , Murdoch’s film and TV business, said: “We are grateful that this matter has been concluded and acknowledge the fairness and professionalism of the Department of Justice throughout this investigation.” It is understood there has been no background settlement with the Department of Justice in order to avoid a full-blown investigation, contrary to speculation in New York over a year ago that the company was looking at a possible payment of over $850m.
  • (18) The payments are now more likely to made in shares issued monthly.
  • (19) Applications from Serbia, which account for 10% of the total, stem mostly from the dissolution of former Yugoslavia: payment of army reservists, access to savings in present-day Bosnia and Herzegovina, pensions in Kosovo.
  • (20) Without action today, the winter fuel payment would have decreased in value this coming winter.

Remuneration


Definition:

  • (n.) The act of remunerating.
  • (n.) That which is given to remunerate; an equivalent given, as for services, loss, or sufferings.

Example Sentences:

  • (1) A key way of regaining public trust will be reforming the system of remuneration as agreed by the G20.
  • (2) An employee's career advancement, professional development, monetary remuneration and self-esteem often may depend upon the final outcome of the process.
  • (3) It will not be so low as to put off candidates from outside the corporation but will be substantially less than Thompson's £671,000 annual remuneration – in line with Patten's desire to clamp down on BBC executive pay, which he said had become a "toxic issue".
  • (4) Until this year, only 18 remuneration reports had received a protest vote greater than 50% in the 10 years since the vote on pay was introduced by the Labour government.
  • (5) Management criticised The PAC was also critical of the BBC senior management, saying non-executive directors on the executive board remuneration committee "failed to provide an effective check on severance pay for the BBC's most senior staff".
  • (6) He was paid close to £1m in 2008, according to ITV's annual report , but is likely to see his remuneration package drop to around £250,000 when he gives up executive chairman responsibilities and becomes non-executive chairman.
  • (7) Some 59.29 % had opposed the remuneration report, a rebellion only exceeded by one at Royal Bank of Scotland (RBS) at the height of the banking crisis, and surpassing the 59% that voted against the £6.8m pay deal for Sir Martin Sorrell at his advertising company WPP in 2012.
  • (8) It added: "While the voluntary code for remuneration consultants specifies that they should not cross-sell services, anecdotal evidence and interviewees the High Pay Commission met during this research suggest this practice is widespread."
  • (9) Belinda Lester, from the employment law firm CKFT, agreed: "If they have a bad year, it's very difficult to cut back salaries"; the second big plus from the bank's point of view is "if a significant part of your remuneration is a bonus, these contracts will make it very clear that bonus is only payable if you're not leaving.
  • (10) At the group's recent annual meeting, members endorsed the Myners plan but backed motions opposing the remuneration packages for executives.
  • (11) In WPP's 2010 annual report published in April, Jeffrey Rosen, chairman of the compensation committee, said: "Given the increased importance of digital strategy to the group and Mr Read's personal development, an increase to his remuneration was in order."
  • (12) The code makes clear that this resolution “prohibits paid advocacy”, but it does “not prevent a Member from holding a remunerated outside interest as a director, consultant, or adviser, or in any other capacity”.
  • (13) Trinity Mirror attempted to placate investors in April with a new pay deal for Bailey that reduced her remuneration by about £500,000, but that failed to satisfy some major shareholders.
  • (14) On the way to implementing this requirement, the following points must be taken into account: the measurability of the quality of medical care, establishment of the quality of structure, treatment and results, aids for the determination and documentation, remuneration, and the motivation for implementing quality control.
  • (15) Remuneration committees are approaching any increase in pay-outs with caution to ensure they accurately reflect performance and satisfy shareholders."
  • (16) Berkett, who has just been awarded a £100,000 increase in basic salary to £650,000 backdated to 1 April 2010, actually took a comparative 18% year-on-year cut to his total remuneration package.
  • (17) There was no mention of UKFI's opposition in the prepared statements in the annual report by Penny Hughes, the non-executive director who chairs the remuneration committee.
  • (18) "We will continue to reduce the number of senior managers and the senior managers paybill, and the executive remuneration committee will continue to review progress on a regular basis."
  • (19) The Premier League on Monday said that Scudamore had immediately informed the 20 clubs, McCormick and Bruce Buck, the Chelsea chairman who heads the audit and remuneration committee that will meet on Monday, in line with its policy.
  • (20) This article is based on a report published by the Northern Nurses' Federation (NNF) as background material for a conference on Nordic Nurses' Remuneration and Employment Conditions 22-24 October 1991, Denmark.