Total Employee Cost Financial Glossary

What is it? Wage salary, social security and pensions not including director remuneration

Finance Term Definition Added By: Nathaniel

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Other Similar Finance Terms:

Financial Term Gross spending is The overall cost of providing our services before allowing for government grants or other income.

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Financial Term Servicing is The collection of payments of interest and principal, and trust fund items such as fire insurance, taxes, etc., on a note by the borrower in accordance with the terms of the note. Servicing by the lender also consists of operational procedures covering accounting, bookkeeping, insurance, tax records, loan payment follow-up, delinquent loan follow-up and loan analysis.

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