ETYM French mérite, Latin meritum, from merere, mereri, to deserve, merit; prob. originally, to get a share; akin to Greek meros part. Related to Market, Merchant, Mercer, Mercy.
Any admirable quality or attribute; SYN. virtue.
Pay including basic pay plus any additional payments such as overtime pay or bonus payments. For example, if a worker is paid Ł150 for his or her basic week, Ł20 for overtime work, a Ł10 bonus for regular attendance, and Ł15 as a productivity bonus, then the total earnings would be Ł195. Gross earnings are earnings before deductions such as income tax and national insurance contributions have been taken away. Net earnings are earnings after deductions.
The financial gain (earned or unearned) accruing over a given period of time.
Earnings of an individual or business organization over a period of time. Gross earnings are earnings before tax and other deductions while net earnings are earnings after tax. Earned income is income received from working, while unearned income is income such as interest and dividends from financial and other wealth. Part of the income for a company is the value of its turnover. The income of a whole economy is often measured by gross national product or gross domestic product. The study of the allocation of a country's national income is known as distribution theory.