Informal word for perquisites which are privileges granted to employees inaddition to their salaries and benefits (such as medial and pension plans). 'True' perks have little or no cashvalue or tax implications and may include companycar, vacations, reserved parking space, spacious office, private dining and washroom facilities, etc. Read more
I took the job at the grocery store because there were a lot of perks, like being able to set my own hours.
FRIDAY QUIZ CHALLENGE
Accounting: The gradual conversion of the cost of a tangible capital asset or fixed asset into an operational expense (called depreciation expense) over the asset's estimated useful life.