Investopedia / Jiaqi Zhou Per stirpes—Latin for "by branch"—is a legal term that may be used for estate planning purposes, such as in a last will and testament. It designates who will inherit ...
Investopedia / Michela Buttignol A per diem, from the Latin for “by the day,” is a daily allowance paid to an employee to cover costs incurred while on a business trip. Covered business ...
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