2007-08-23 11:34:40 · 3 answers · asked by cindyorjon 1 in Education & Reference ➔ Words & Wordplay
Basically "each day."
In business it is generally used when someone receives a set amount of money "each day." For example, someone traveling on a business trip might receive a flat $75 per diem to cover living expenses rather than a direct reimbursement. If they stay in a $50 hotel and spend $10 on meals they would pocket the extra $15.
Conversely, if the hotel is $65 and meals are $25, they are not reimbursed the ovaerage ($15).
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2007-08-23 11:45:05 · answer #1 · answered by Chewie 3 · 0⤊ 0⤋
Per diem, or "per day," is a Latin phrase meaning specific amount of money an organization allows an individual to spend per day. Typically, though not exclusively, this is to cover travel and subsistence expenses.
Most companies give you so much per diem per day for spending while you travel for them.
2007-08-23 18:43:47 · answer #2 · answered by edlackey1976 2 · 2⤊ 0⤋
each day -- usually used in reference to a allowance one
is paid for daily expenses incurred in business travel.
2007-08-23 18:46:36 · answer #3 · answered by Anonymous · 1⤊ 0⤋