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Home > QFINANCE Dictionary > Definition of back pay

Definition of

back pay

Finance

overdue pay from earlier time period pay that is owed to an employee for work carried out before the current payment period and is either overdue or results from a backdated pay increase

Definitions of ’back pay’ and meaning of ’back pay’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’back pay’ and other financial terms with our online QFINANCE Financial Dictionary.

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