earningscap
nounUK /ˈɜː.nɪŋz kæp/
US /ˈɝː.nɪŋz kæp/
A limit on how much money someone can earn.
The company set an earnings cap for the bonus plan.
OTHER MEANINGS
2. A rule that stops a person from earning more than a certain amount in a year.
The new law puts an earnings cap on overtime pay.
3. The highest amount of profit a business is allowed to report for a period.
Investors worried the earnings cap would lower the company's value.
4. A maximum limit on money earned from a savings account or investment.
This savings account has an earnings cap of five hundred dollars.