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Per diem interest is calculated and paid at loan closings. It is the pro-rated amount of interest due for remaining days in a month. For example, if a mortgage closes on July 29, per diem interest is calculated for July 29, 30 and 31.er diem interest is calculated and paid at loan closings. It is the pro-rated amount of interest due for remaining days in a month. For example, if a mortgage closes on July 29, per diem interest is calculated for July 29, 30 and 31.
The phrase per diem means per day or by the day.. In terms of jobs, if the position itself is per diem it probably means that it is not steady work. Instead, they will, at best, be hiring you on days when they need you (sort of like substitute teaching would be).Per diem can also refer to payments that you get in addition to your regular pay.osted on. (Answer #3). Per Diem can have a few meanings when it comes to employment. The literal translation from the Latin is per day, and refers to any type of pay or reimbursement that is made by the day. In general, but not always, per diem work is short-term, temporary work, although there can be exceptions.