payceiling
nounUK /ˈpeɪ ˌsiːlɪŋ/
US /ˈpeɪ ˌsiːlɪŋ/
A pay ceiling is the most money a person is allowed to earn for a job.
The company set a pay ceiling so no one could earn more than the boss.
RELATED WORDS
OTHER MEANINGS
2. A rule that stops pay from going above a certain amount.
The new pay ceiling stopped raises for top managers.
3. The top amount of money a group can be paid in total.
The team's pay ceiling meant they could not hire another star player.
4. A limit on how much someone can be paid in a single year.
The pay ceiling for the job was announced in the contract.