*Per diem* "Per diem" is a Latin term that means "per day." It refers to a daily allowance or payment given to someone, typically for work-related expenses, such as meals, lodging, or transportation, while they are traveling for business. *Pronunciation:* /ˈpɜːr ˈdiːəm/ (PER DEE-uhm) *Example:* - "The company provides a per diem for employees who travel for business, covering their meals and accommodations."