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


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | 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