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.
Salary is a fixed amount paid to the employees at regular intervals for their performance and productivity whereas wages are the hourly-based payment given to the labor for the amount of work finished in a day. To further enhance the understanding below is the basic difference between salary and wages: