wagecap
nounUK /ˈweɪdʒkæp/
US /ˈweɪdʒkæp/
A wage cap is a rule that says how much money someone can be paid.
The league set a wage cap so every team could afford to pay its players.
RELATED WORDS
OTHER MEANINGS
2. A maximum amount a company is allowed to spend on all its workers' pay.
The company introduced a wage cap to keep its costs under control.
3. A limit on how much a sports team can pay its players in total.
The wage cap stopped rich teams from buying all the best players.
4. A government rule that limits how much pay can rise in certain jobs.
During the crisis, a wage cap was placed on public officials.