Definition of Paid Leave

What is the definition of the term "paid leave"? What does the term "paid leave" mean?

"Paid leave" is any kind of time that is taken off of work WITH pay.

Definition of Paid Leave - Financial Dictionary - EmploymentFor instance, let's say that you are entitled for four weeks of vacation per year at your job. These four weeks of vacation are considered "paid leave" as you will still be receiving your salary while you are on vacation.

Other types of paid leave can include sick pay and "personal days".

For instance - let's say that you have the flu and need to take two days off of work. Most employers will offer a number of paid sick days to their employers every year, within reason. So, if you take two days off due to having the flu, you will receive your normal wages for these days, even though you are off from work.

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