Investor Glossary-per diemInvestor Glossary-per diemInvestor Glossary-per diemInvestor Glossary-per diemInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Per Diem

The HTML to link to this page
 

A per diem is a daily allowance for expenses. For instance, many municipalities will pay a meager per diem to individuals serving jury duty. The per diem is common in business, where the employer picks up expenses of an employee. The per diem is especially common with employees who are traveling on business. For instance, the US federal government sets a standard per diem for all government employees traveling on business. One per diem is given for lodging and another per diem for meals and all other incidental expenses. The per diem varies by location. The US federal government per diem for Manhattan in the first 4 months of 2005 was up to $177 per night for lodging and up to $51 per day for meals and incidental expenses. Many companies set either a small per diem or have none at all, paying most expenses directly by issuing a corporate charge card to the employee instead.



Rate this per diem definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: limit order, EBITDA, reverse mortgage, per diem, balance sheet, APR, option premium, cancelled check, required rate of return, debt service coverage, covered put, wholly-owned subsidiary, Key Rate Duration, dividends payable, liquidity ratio, deferred revenue, labor relations, quality assurance, diluted share, margin rate, 144a, inflation, ex-dividend, in escrow, risk management, retained earnings, deferred tax, FICO score, 401a, stock split, 1035 exchange, phantom income, command economy, FTSE, minority interest, irrevocable trust, VIX, stock market close, average price per share, Zero Cost Collar, open position, 1031 exchange, current ratio, ex-dividend date, implied volatility, annual return, real GDP, LIBOR, class C shares


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use