comp time

 Compensatory time; time off for past extra work.
 ► “According to a recent opinion letter from the US DEPARTMENT OF LABOR (DOL), nonexempt employees who work overtime, must be paid for the extra hours rather than receiving compensatory time off. Before the opinion was issued, the DOL allowed an hour and a half of comp time for the overtime hours.” (Small Business Reports, June 1994, p. 35)

American business jargon. 2014.

Look at other dictionaries:

  • comp time — ➔ time * * * comp time ► HR, WORKPLACE time that an employee who has worked extra hours may take off from work: »In a lot of places, if you work overtime, they will give you comp time as opposed to additional pay …   Financial and business terms

  • comp time — [kämp] n. [< comp(ensatory) time] paid time off from work, given to an employee in lieu of overtime pay …   English World dictionary

  • comp time — comp ,time noun uncount AMERICAN time off work that is given to you instead of money because you have worked extra hours …   Usage of the words and phrases in modern English

  • comp time — cvb comp′ time n. time off from work, granted to an employee in lieu of overtime pay • Etymology: comp(ensatory) time …   From formal English to slang

  • comp time — time off from work, granted to an employee in lieu of overtime pay. [comp(ensatory) time] * * * …   Universalium

  • comp time — time off from work, granted to an employee in lieu of overtime pay. [comp(ensatory) time] …   Useful english dictionary

  • comp — [kɒmp ǁ kɑːmp] noun [uncountable] HUMAN RESOURCES abbreviation for compensation: • Most workers comp claims are for short absences with a minor injury. * * * Ⅰ. comp UK US /kɒmp/ noun INFORMAL …   Financial and business terms

  • comp — [ kamp ] noun count INFORMAL 1. ) AMERICAN something that is given away free, such as a ticket to the theater or a sports event 2. ) BRITISH a COMPETITION 3. ) BRITISH a COMPREHENSIVE SCHOOL => COMP TIME …   Usage of the words and phrases in modern English

  • time — Except as otherwise specifically provided, any reference to time shall mean local Chicago time. Chicago Mercantile Exchange Glossary * * * time time [taɪm] noun 1. [uncountable] the quantity that is measured in minutes, hours, years etc using… …   Financial and business terms

  • Time in Germany — Germany uses Central European Time (Mitteleuropäische Zeit, MEZ; UTC+01:00) and Central European Summer Time (Mitteleuropäische Sommerzeit, MESZ; UTC+02:00). Daylight saving time is observed from the last Sunday in March (02:00 CET) to the last… …   Wikipedia

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