remuneration / fee
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remuneration
Payment or compensation for a service performed, work done, or the use of something. It is a formal term for wages, salary, a fee, or a charge.
Für die geleistete Arbeit erhalten Sie ein angemessenes Entgelt.
You will receive appropriate remuneration for the work performed.
The word is made up of the prefix 'ent-' and '-gelt' (related to 'Geld' (money)). Here, the prefix expresses something given in return: you receive money as compensation for a service.
Das vereinbarte Entgelt wird am Monatsende überwiesen.
The agreed remuneration will be transferred at the end of the month.
'Entgelt' (remuneration/fee) is a formal and official term. You mainly find it in contracts, invoices, and in business or labor law.
Bitte entrichten Sie das Entgelt innerhalb von 14 Tagen.
Please pay the fee within 14 days.
Very common fixed expressions are 'gegen Entgelt' (for a fee, subject to payment) and 'ohne Entgelt' (free of charge, at no cost).
Die Nutzung des Parkplatzes ist nur gegen Entgelt gestattet.
Use of the parking lot is permitted only for a fee.
price / prize
'der Preis' and 'das Entgelt' both refer to money that you pay for something. 'der Preis' is the normal everyday word, especially when buying goods or services. 'das Entgelt' sounds more formal and means payment for work, a service, or the use of something. In contracts, rules, or official texts, 'Entgelt' sounds more natural. In a shop or in everyday life, people usually say 'Preis'.
Für die Nutzung des Raums zahlen wir ein kleines Entgelt.
We pay a small fee for using the room.
Am Abend prüft er noch einmal, ob der Preis für den Termin stimmt.
In the evening, he checks once more whether the price for the appointment is correct.