salary

This is the term for the payment a person earns for a period of service.

This payment is based on a fixed amount each month or each year, and is usually paid weekly or monthly.

For example, Siwan earns a salary of £21 000 per year, and she is paid monthly:

£21 000 ÷ 12 = £1750

Therefore, Siwan receives a salary of £1750 each month.