guaranteed paynoun [ U ]
ukusalso guarantee pay, also guaranteed wage [ C ] HR an agreement that an employer must pay employees for days when they are available to work even when there is no work for them to do:
Under the guaranteed pay scheme, when you make yourself exclusively available for work, you will be paid whether or not we find work for you.
a salary that someone is sure to receive:
The CEO's guaranteed pay is €1.3 million a year, with possible bonuses on top.