Definition
Payroll is the process of calculating and distributing employee wages and salaries. Founders reach for it when a vague conversation needs a shared, specific meaning. Name it clearly, then let the next decision — a hire, a price, a test, or a pass — follow from that meaning.
In the room
How the word shows up in a real conversation.
Two cofounders disagree until they define Payroll. Once they agree it means “Process of calculating and distributing employee wages and salaries”, the argument becomes a decision.
Common mistake
Using Payroll as a label instead of a fact. If you cannot point to the evidence — a number, a customer, or a written assumption — you are using the word as jargon.
See also
Patent troll
Company that acquires patents solely to sue other companies for infringement.
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Payback period
Time required for an investment to recover its initial cost through cash flows.
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Peer-to-peer (P2P)
Network model where participants interact directly without central authority.
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Peer-to-peer lending
Peer-to-peer lending is a type of lending in which individuals borrow or lend money to other individuals. It can bypass traditional financial intermediaries…
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