Meaning of “payday” in the English Dictionary

"payday" in American English

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paydaynoun [ C ]

us /ˈpeɪˌdeɪ/

the day on which employees receive their pay

(Definition of “payday” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"payday" in Business English

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paydaynoun [ C or U ]

also pay day uk /ˈpeɪdeɪ/ us

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” from the Cambridge Business English Dictionary © Cambridge University Press)