We considered marketing's role--that is, TVP's value as a tool for market segmentation, asset value creation and profitability; anticipated consumer acceptance of indication pricing; and how TVP might influence how consumers shop for and select the right loan program and best rate.
Legal Definition of wage. 1 : a payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis âoften used in plural.
Minimum wage. A minimum wage is the lowest remuneration that employers must legally pay their workers. Equivalently, it is the price floor below which workers may not sell their labor. Although minimum wage laws are in effect in many jurisdictions, differences of opinion exist about the benefits and drawbacks of a minimum wage.