What is GROSS SALARY?

Un-adjusted by deductions, total aggregate employee wage amount. Pay can occur weekly, biweekly, or monthly. Value before federal and state taxes are deducted. This value is one factor creditors use to base borrower ability to repay principal plus interest.

More On This Topic



Link to This Definition
Did you find this definition of GROSS SALARY helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary