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Pay facts for kids

Kids Encyclopedia Facts

Pay or PAY usually means the money you get for doing a job. This money is often called a wage or salary. It can also mean the act of giving money to someone, which is called payment.

What Does 'Pay' Mean?

The word "pay" has a few different meanings. Most often, it refers to the money you earn for your work. For example, if you have a part-time job, the money you receive is your pay. This is important because it helps people buy things they need and want.

Getting Paid for Work

When you work, you usually get paid regularly. This could be every week, every two weeks, or once a month. The amount of money you get depends on the job you do and how many hours you work.

  • A wage is usually money paid by the hour or by the amount of work you complete.
  • A salary is a fixed amount of money paid regularly, often each year, no matter how many hours you work.

Making a Payment

"Pay" can also mean the act of giving money for something. For example, when you buy a snack, you "pay" for it. This is called making a payment. Payments can be made with cash, a credit card, or even through online apps.

Places Named Pay

Sometimes, places are named "Pay." These names might come from old words or the history of the area.

  • Pay Lake: There is a lake in Minnesota, USA, called Pay Lake. It's a natural body of water.
  • Pay Nga mountain: This is a mountain located in Sweden.

Other Meanings of Pay

The word "pay" can also be used in more specific ways, especially in different fields of study or business.

Pay in Geology

In geology, which is the study of Earth's physical structure and substances, "pay" has a special meaning. A "pay" refers to a part of a rock formation underground where valuable oil or natural gas can be found. This oil or gas can be taken out and used.

Political Party in Mexico

In Mexico, there was once a political group called Partido Alianza por Yucatán. Its short name was PAY. This group worked to represent the people of the Yucatán region in Mexico's government. Political parties are groups of people who share similar ideas about how a country should be run.

Hebrew Letter Pe

The word "Pay" sounds like the Hebrew letter Pe. The Hebrew alphabet is used to write the Hebrew language, which is spoken in Israel and by Jewish communities around the world. Each letter has a name and a sound.

Verifone (PAY)

Verifone is a company that makes machines and systems for processing payments. When you see "PAY" next to its name on a stock market list (like the New York Stock Exchange), it's a special code called a "ticker symbol." This symbol helps people quickly find the company's stock.

People with the Surname Pay

Many people have "Pay" as their last name. Here are a few examples of notable individuals:

  • Antony Pay (born 1945): An English musician famous for playing the clarinet.
  • Dean Pay (born 1969): An Australian former professional rugby league player.
  • Jill Pay (born 1951): She was the Serjeant at Arms for the House of Commons in the UK. This is an important role in the British Parliament.
  • Kevin Pay (1939–2020): An Australian rules footballer.
  • Pay Chen (born 1976): A Canadian television host.
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