What is the term for daily expenses or reimbursements for employees?

The term "per diem" refers specifically to daily allowances provided to employees for expenses incurred while traveling for work or during business-related activities. This term implies a set amount that is given to cover food, lodging, and other miscellaneous costs on a daily basis. Per diem rates are typically established by employers and may vary based on location and achieved cost standards.

Understanding the context of per diem is important; it is distinct from allowances, stipends, or benefits in that it focuses expressly on daily operational costs. Allowances can refer to various types of financial support, stipends are often periodic payments aimed at covering specific expenses (not necessarily daily), and benefits can include health insurance, retirement plans, and other non-wage compensations. Thus, "per diem" is the most accurate term for the daily expenses or reimbursements employees receive.