Glossary

Plain-English definitions of the terms used in global hiring, Employer of Record, contractor payments and payroll.

• Adjustment
• Amendment
• Approval policy
• Auto-approve
• Auto-submit
• Billing schedule
• Client signatory
• Contractor
• Contractor subscription
• Department
• Desktop agent
• Dispute
• EOR (Employer of Record)
• Expense line item
• FX buffer
• FX spread
• Funding
• Identity verification
• Invoicing frequency
• KYB (Know Your Business)
• Offboarding
• Organization
• Payout
• Payout date
• Payroll run
• Per pay period
• Productivity Insights
• Project
• Role
• SWIFT/BIC code
• Timesheet
• Upon completion of service