SM - a master's degree in science Master of Science, MSc, MS master's degree - an academic degree higher than a bachelor's degree but lower than a doctor's degree
DEFINITION of 'Per Diem Payments'. Generally, a specified amount that employers will pay to employees as reimbursement for various expenses. Per diem payments usually assume a set dollar limit, such as $30 per day for meals or $100 per day for lodging. These payments are usually made for employee travel expenses.er diem payments are usually counted as nontaxable income to employees, up to a certain amount, and any excess reimbursement is included in box 12 of the W-2 form. The IRS allows a preset amount to be excluded from taxation for each type of per diem expense. RELATED TERMS.
Have you ever considered working per diem? Many medical professionals work per diem to pick up some extra money in addition to their full-time positions, but others choose to only work per diem shifts without having a full-time job. Per diem is a Latin term meaning per day or each day, as in daily. In medical careers, per diem refers to very short-term temporary employment that consists of just a few days of employment to fill in for a sick or vacationing full-time clinician.