What is the definition of Piece rate? | Dictionary.net

PIECE RATE

\pˈiːs ɹˈe͡ɪt], \pˈiːs ɹˈe‍ɪt], \p_ˈiː_s ɹ_ˈeɪ_t]\

Definitions of PIECE RATE

1910 - Black's Law Dictionary (2nd edition)

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Payment made only when results are shown. For instance, an employee will only be paid depending upon the total number of units that they have produced.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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