What's the difference between remuneration and repayment?
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.
Repayment
Definition:
(n.) The act of repaying; reimbursement.
(n.) The money or other thing repaid.
Example Sentences:
(1) Childcare carves out a hefty third of household income for one in three families, overshadowing mortgage repayments as the biggest family expenditure .
(2) It acts as a one-stop shop bringing together credit unions and other organisations, such as Five Lamps , a charity providing loans, and white-goods providers willing to sell products with low-interest repayments.
(3) Several months ago, the man received about $200,000 worth of marijuana from the cartel and delivered it to another dealer, but he could not repay the cartel, according to court papers.
(4) Then Greece has another chance.” But the intervention by the IMF will undermine EU leaders who argue Greece must submit to a fresh round of austerity measures to release funds for debt repayments.
(5) Dubai World's ability to repay the bond had been seen as a key test of the state's financial health.
(6) Taking the evidence to the high court in London two years later, Grant Thornton were able to secure a summary judgment against Viren Rastogi, ordering him to repay $360m.
(7) Nonetheless, Blatter was investigated by Swiss police over his attempts in secret to repay more than £1m worth of bribes pocketed by football officials.
(8) He was also was ordered to repay more than £37,000 under the 2002 Proceeds of Crime Act or face 15 further months in jail.
(9) Of course, saying this even while petitioning for easier repayment on Greece's mountain of debt is just another example of austerity's topsy-turvyism.
(10) It has proposed linking repayment of the debt to growth (the only real way of paying creditors and of guaranteeing their rights), and has indicated its desire to implement those structural reforms needed to strengthen an impoverished state left too long in the hands of corrupt elites.
(11) Other proposals include a requirement for PPI providers to give consumers a personal quote, clearly setting out the cost of the policy, both on its own and when added to the repayments.
(12) You may be able to put some of your mortgage on a repayment basis and some on an interest-only basis.
(13) I've got to pay £15 a week [as part of a repayment plan].
(14) If that is guaranteed, I am in favour of a delay in the repayment," he said, adding that the delay could be two or three years.
(15) Action will be needed, too, to mitigate the scale of loan repayment.
(16) Last Monday, INM negotiated a standstill agreement with its bondholders which gave the company another six weeks to repay a €200m debt.
(17) Conversely, having no credit history can be just as troublesome as having a poor rating: without a history of spending and repayments, a bank may be less willing to loan you money.
(18) Hours after Greece’s bailout programme with its creditors expired and the country became the first in the developed world to miss an IMF loan repayment, Greek pensioners without debit cards were at last able to withdraw some cash.
(19) However, if you knew how you planned to pay off £70,000, and wanted to run £30,000 on a repayment basis, moving from 4.3% to 2.89% would cut the cost from £665 to £563 a month.
(20) Greece missed a payment to the International Monetary Fund last week and the clock will tick down to 20 July when Greece must repay €3.5bn to the ECB – the final deadline, according to Bank of America Merrill Lynch.