maximumwage
nounUK /ˈmæksɪməm weɪdʒ/
US /ˈmæksɪməm weɪdʒ/
The most money a worker can be paid for a job.
The company set a maximumwage so no one could earn more than the boss.
RELATED WORDS
OTHER MEANINGS
2. The highest amount of money allowed to be paid in a particular situation or program.
The government introduced a maximumwage for public officials.
3. A limit on how much someone can earn before extra rules apply.
Once you reach the maximumwage, you stop paying into the fund.
4. The top pay level in a company or industry.
Workers at the maximumwage often get extra benefits instead of more money.