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English definition of “payday”

payday

noun [C or U] (also pay day)     /ˈpeɪdeɪ/
HR, WORKPLACE the day on which workers receive their pay, usually every week or month: He wrote a cheque postdated to his next payday. Payday is on Friday. Friday is payday.
informal an amount of money that a person or a company receives: The company's former chief financial officer also enjoyed a big payday as his total compensation jumped to $11.7 million.
(Definition of payday noun from the Cambridge Business English Dictionary © Cambridge University Press)
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