What Does PERDIEM Stand For?

PERDIEM stands for Per Day Total Allowance For Daily Travel Expenses

PERDIEM, or Per Day Total Allowance For Daily Travel Expenses, refers to a fixed daily amount provided to employees or travelers to cover costs incurred while traveling for work. This allowance typically includes expenses related to meals, lodging, and incidentals, ensuring that individuals are reimbursed fairly for necessary expenditures without requiring detailed receipts. The use of PERDIEM simplifies travel budgeting and expense management while promoting accountability in spending.