To give over the full monetary amount demanded. A common remedy for wage violations is an order that the employer make up the difference between what the employee was paid and the amount he or she should have been paid. paid four dollars for a hamburger; paid an hourly wage. 1 Back pay is a way for an employer to remedy a mistake in payment or wage violations, whether deliberate or accidental. 2)short for "vigorish" used in gambling;When wagering on a straight wager (point spread or total), you lay a certain amount of money to win a smaller amount of money. If he's been giving you the cold shoulder, just pay him back in his own coin and start ignoring him for a while. وركول، ادا كول، تاديه كول، مزدوركول، حق وركول، جبران كول، تاوان وركول, höra [upp], bringa [sin hyllning], betyga [ngn sin vördnad]. Learning about back pay and retroactive pay will help you better understand the differences between the two and how to calculate them. Can you spell these 10 commonly misspelled words? payback noun (MONEY RETURN) [ C usually sing ] the activity of giving money that is owed, or of getting back something for money spent: He'll have a 20-year payback on his investment, and the … to prevent a person from doing (something he planned or wanted to do). As a result, his … Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! pay somebody back (something) | pay something back (to somebody) to return money that you borrowed from somebody synonym repay I'll pay you back next week. The concept is old, but the particular phrase may have been coined by Lily Hardy Hammond in her 1916 book In the Garden of Delight. “If this issue doesn’t get solved, this is going to be more explosive than people losing the $600 in some ways, because they’ll have to pay back six months of Pandemic Unemployment Assistance. Prince Harry and Meghan Markle Paying Back the Public Money Spent on Frogmore Cottage Is a Significant Step The move is symbolic in releasing … In some states, you must pay a hefty interest rate for back child support debt. On the outside, chargebacks can appear very similar to traditional refunds, yet there is one very relevant difference: rather than contact the business for a refund, the consumer is asking the bank to forcibly take money from the business’s account. When an employee hasn't been paid the full amount they are owed, the difference due is called back pay. ing , pays v. tr. (Learn how and when to remove this template message) Payback period in capital budgeting refers to the time required to recoup the funds expended in an investment, or to reach the break-even point. Additionally, if a worker was prevented from completing work for a particular reason, he or she could be owed back pay if wages were withheld. The difference between what is wagered and what is won is called the 'Juice' or 'VIG'. READ MORE: Muskegon County woman denied PUA; told to pay back $1,400. You can also repay things other than money: "How will I ever repay your kindness and support?" pay back: See: bear , contribute , indemnify , quit , rebate , reciprocate , recoup , recriminate , refund , reimburse , repay , replace , retaliate , return , yield He gave me a book in payment for my kindness. Repay a debt or a loan, as in I'll pay you back next month. back pay; Noun . Like the name implies, rent-back agreements are legally binding agreements made in writing between the buyer and the seller. Back pay is the amount of salary and other benefits that an employee claims that they are owed after a wrongful termination. 1. Synonyms & Antonyms of payback (Entry 1 of 2) the act or an instance of responding to an injury with an injury we are hoping to get payback for the humiliating defeat we suffered at the hands of our rivals during our last matchup CuInSe 2 and CdTe modules are already being sold in the 9%–12% efficiency range, so their energy payback may be less than a year, depending on design details, such as frames and mounting. She paid her dues in small-town theaters before being cast in a Broadway play. But they tell me they were legitimately laid off during the governor’s shutdown and collected benefits. 'All Intensive Purposes' or 'All Intents and Purposes'? Debt levels this high were last seen at the end of World War II, which left the U.S. public debt at 106 percent of GDP. 1)the interest payment on a loan paid back to the creditor by a certain percent. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Simply put, the payback period is the length of time an investment reaches a … "Pay it forward" is implemented in contract law of loans in the concept of third party beneficiaries. That’s $175 more value than even the best return you’ll get with Pay Yourself Back. Both parties need to … If you can’t get the interest waived, consider getting a low-interest loan to pay your back child support. … Back pay doesn't just mean money that has been withheld based on the amount of hours that have been worked. We do not control the destination site and cannot accept any responsibility for its contents, links, or offers. For an investment of 1 to 4 years-worth of The employer paid a back payment to his employee on his wages from three months earlier. She paid the price for her unpopular opinions. Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, MP: Police forcefully evicts businessman, his family for misbehaving after defaulting on loan, 3 Online Lending Concerns And 3 Companies Fixing Them, Draft bill to end debt conflicts over pensions. The hotel was selling for around $550, meaning I received a value of 2.2 cents each. Repay a debt or a loan, as in I'll pay you back next month. Learn a new word every day. See the full definition for payback in the English Language Learners Dictionary, Thesaurus: All synonyms and antonyms for payback, Nglish: Translation of payback for Spanish Speakers. Please tell us where you read or heard it (including the quote, if possible). 'Nip it in the butt' or 'Nip it in the bud'. When you give someone money that you owe them, you repay them. 2 Also, pay back in someone's own coin. If the overpayment is due to fraud on your part, you will have to pay back the money, plus you may have to pay a penalty and interest. a savings plan that paid six percent interest. 2. Payback The length of time until an investment makes an amount of money equal to the original amount invested. “Payback.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payback. How can we ever pay you back for what you've done for us? The Issue: U.S. Federal government debt in the hands of the public amounted to 79 percent of Gross Domestic Product (GDP) at the end of 2019, but it could exceed 100 percent of GDP by the end of this year and rise even higher in 2021 and beyond. You might repay a bank loan, or repay your brother the dollar you borrowed last week. back payment (plural back payments) An overdue payment from a debtor to a creditor on money owed. The actual phrase pay it forward, however, was most likely coined in 1916 by author Lily Hardy Hammond in her novel In the Garden of Delight, where she wrote a bit of wordplay: “You don’t pay love back; you pay it forward.” Celebrated sci-fi author Robert Heinlein is credited with popularizing the term in his 1951 book Between Planets. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'payback.' You have three days to pay up (= You must pay up within three days). Back pay is an important calculation to make when a company needs to compensate an employee. Noun: 1. payback - financial return or reward (especially returns equal to the initial investment) They beat our team last year, so we've got to beat them this year as, Fessy/Nany decide to split their defense time equally between all three teams, while CT/Big T, The spectacle is not unusual in Guanajuato, a battleground for rival gangs that exult in flaunting, A couple of years later, infielder Tommy La Stella rented a bounce house and placed it in the parking spaces of executives Theo Epstein and Jed Hoyer as, These large investments are being made based on rosy forecasts for sustained growth, however, and many retailers may face a reckoning if the, Some Beltway conservatives are also cheering for an Amazon union—in part as, Friday evening in front of what fans were permitted in by Ohio Department of Health regulations at West Clermont High School, the Lancers got some, Post the Definition of payback to Facebook, Share the Definition of payback on Twitter, 'Infrastructure': A New Word from Old Roots. Nicholas got a promotion and a big raise in 2020. It also can be a pay increase that was not honored or a bonus that was never received. How to use payback in a sentence. liquidar el sueldo, dar el finiquito, pagar y despedir. Elizabeth Weintraub is a homebuying, home loans, and mortgages expert. pay back 1. Ambrosch be rich, too, after while, and he, Your aunts have done everything in the world for you,--more than I've ever been able to do,--and it is your turn to, My intentions are perfectly honest; on my conscience he will lose nothing, and I will, If he catches one of my gals in the same fix, he's welcome to, Summary: Indore (Madhya Pradesh) [India], Sept 1 (ANI): A businessman in Madhya Pradesh was forcefully evicted from his residence after he failed to, Not only does compounding interest rates make it difficult for borrowers to. requital; a return on an investment equal to the original capital outlay; also : the period of time elapsed before an investment is recouped… The Purpose of Chargebacks. Pay it forward is an expression for describing the beneficiary of a good deed repaying the kindness to others instead of to the original benefactor.. Revenge oneself, repay in kind, as in He thought he could get away with copying my plans, but I'll pay … To pay it forward simply means to repay a kindness received with a good deed to someone else. By redeeming 25,000 points via Pay Yourself Back, you’d get: $375 if you hold the Chase Sapphire Reserve; $312.50 if you hold the Chase Sapphire Preferred https://www.thefreedictionary.com/pay+back. Delivered to your inbox! Salaried workers, hourly workers, freelancers, and contractors are all entitled to back pay. Send us feedback. Harold and Maude will not have to pay back the additional $700. Review the site's security and confidentiality statements before using the … All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. With more than 40 years of experience in real estate, including areas such as title and escrow, Elizabeth was nominated as a founding member of the California Association of REALTORS' Real Estate Certificate Institute (RECI) and has received more than 600 hours or real estate education. To earn a given right or position through hard work, long-term experience, or suffering: To contribute one's own share; pay for oneself. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Hundreds of steel-workers have been paid off. The TV can be paid for in ten weekly payments. To coat or cover (seams of a ship, for example) with waterproof material such as tar or asphalt. valer la pena, dar resultado, ser rentable. other improvements, Alsema projected the pay-back for thin-film PV that would drop to just 1 year by 2009. A bank may loan you money to buy a new car, but you'll have to repay the money, plus interest. The amount of this sum is often referred to as "back pay." What Is Back Pay? It does not account for the time value of money. 2021. The payback period refers to the amount of time it takes to recover the cost of an investment. Employers are responsible for back pay, salary and benefits, as if … You are leaving ftb.ca.gov. Loan to Pay Off the Back Child Support Debt. To give money to in return for goods or services rendered: pay the cashier. That is, the payback period differs from the break-even time, which accounts for inflation, interest, and so forth. The rain put paid to our visit to the zoo. The account is payable at the end of the month. See how he likes it. What made you want to look up payback? To illustrate, this is the story of a dining room set donated to Habitat for Humanity of Ellis County ReStore.Its journey tells the story of how giving back and paying it forward are key to helping Habitat achieve strength, stability and self-reliance through shelter. 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