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.
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.