pay-day
Definition
- Noun:
- Day of salary payment: "pay-day" refers to the specific day on which employees receive their wages or salary from their employer.
- Day of settlement: In financial markets, "pay-day" can also mean the day designated for the settlement of debts or transactions, such as in the stock market.
Usage Examples
- Noun:
- I always look forward to pay-day because I can finally pay my bills. (The day I receive my salary.)
- The stock exchange has a fixed pay-day for all transactions completed that week. (The day for financial settlement.)
Advanced Usage
"to be a pay-day lender": a business that offers short-term, high-interest loans due on the borrower's next pay-day.
- Many people avoid pay-day lenders because of their extremely high interest rates. (Lenders who provide loans based on the borrower's salary receipt day.)
"to have a pay-day": to receive a large sum of money, often unexpectedly or from a single event.
- The winning lottery ticket gave him a massive pay-day. (A single, large financial gain.)
Variants and Related Words
Paycheck (n): a check issued to an employee in payment of salary or wages.
- She cashed her paycheck on pay-day. (The physical or digital payment instrument.)
Payroll (n): a list of employees and their salaries, or the total amount paid to them.
- The company processes payroll every two weeks on pay-day. (The system for managing wages.)
Synonyms
- Salary day: the day wages are given.
- Wage day: another term for the day of salary distribution.
Related Idioms
"Pay-day comes but once a fortnight": a proverb meaning that money is received infrequently, so it should be spent wisely.
- He spent all his money in one day, forgetting that pay-day comes but once a fortnight. (A reminder to budget carefully.)
"To make a pay-day": to achieve a financial goal or earn a significant amount on a specific occasion.
- The freelance project was a real pay-day for her. (A lucrative opportunity.)