Definition of wage noun from the Oxford Advanced Learner's Dictionary
wage
noun
weɪdʒ weɪdʒ
[singular]also wages[plural]a regular amount of money that you earn, usually every week, for work or serviceswages of £200 a weeka weekly wage of £200wage cutsa wage increase of 3% (British English) a wage rise of 3%wage demands/claims/settlementsWages are paid on Fridays.There are extra benefits for people on low wages.Tax and insurance are deducted from your wages.The staff have agreed to a voluntary wage freeze(= a situation in which wages are not increased for a time). compare salary see also living wage, minimum wageUsage note: FinanceIncomeearn money/cash/(informal) a fortunemake money/a fortune/(informal) a killing on the stock marketacquire/inherit/amass wealth/a fortunebuild up funds/savingsget/receive/leave (somebody) an inheritance/a legacylive on a low wage/a fixed income/a pensionget/receive/draw/collect a pensiondepend/be dependent on (British English) benefits/(North American English) welfare/social securityExpenditurespend money/your savings/(informal) a fortune on…invest/put your savings in…throw away/waste/(informal) shell out money on…lose your money/inheritance/pensionuse up/(informal) wipe out all your savingspay (in) cashuse/pay by a credit/debit cardpay by/make out a/write somebody a/accept a (British English) cheque/(US) checkchange/exchange money/currency (British English) traveller's cheques/(US) traveler's checksgive/pay/leave (somebody) a depositBankshave/hold/open/close/freeze a bank account/an accountcredit/debit/pay something into/take money out of your accountdeposit money/funds in your accountwithdraw money/cash/£30 from an ATM, etc.(formal) make a deposit/withdrawalfind/go to/use (especially North American English) an ATM/(British English) a cash machine/dispenserbe in credit/in debit/in the black/in the red/overdrawnPersonal financemanage/handle/plan/run/(especially British English) sort out your financesplan/manage/work out/stick to a budgetoffer/extend credit (to somebody)arrange/take out a loan/an overdraftpay back/repay money/a loan/a debtpay for something in (especially British English) instalments/(North American English usually) installmentsFinancial difficultiesget into debt/financial difficultiesbe short of/(informal) be strapped for cashrun out of/owe moneyface/get/(informal) be landed with a bill for £…can't afford the cost of…/payments/rentfall behind with/(especially North American English) fall behind on the mortgage/repayments/rentincur/run up/accumulate debtstackle/reduce/settle your debtsUsage note: incomewage/wagespaysalaryearningsThese are all words for money that a person earns or receives for their work.income money that a person receives for their work, or from investments or business: people on low incomeswage/wages money that employees get for doing their job, usually paid every week: a weekly wage of £200pay money that employees earn for doing their job: The job offers good rates of pay.salary money that employees earn for doing their job, usually paid every month.wage, pay or salary?Pay is the most general of these three words. Employees who work in factories, etc. get their wages each week. Employees who work in offices or professional people such as teachers or doctors receive a salary that is paid each month, but is usually expressed as an annual figure.earnings money that a person earns from their work: a rise in average earnings for factory workers(a) high/low/basic income/wage/pay/salary/earningsto earn an income/a wage/your pay/a salaryto be on a(n) income/wage/salary of…
weɪdʒ 
weɪdʒ 
Usage note: FinanceIncomeearn money/cash/(informal) a fortunemake money/a fortune/(informal) a killing on the stock marketacquire/inherit/amass wealth/a fortunebuild up funds/savingsget/receive/leave (somebody) an inheritance/a legacylive on a low wage/a fixed income/a pensionget/receive/draw/collect a pensiondepend/be dependent on (British English) benefits/(North American English) welfare/social securityExpenditurespend money/your savings/(informal) a fortune on…invest/put your savings in…throw away/waste/(informal) shell out money on…lose your money/inheritance/pensionuse up/(informal) wipe out all your savingspay (in) cashuse/pay by a credit/debit cardpay by/make out a/write somebody a/accept a (British English) cheque/(US) checkchange/exchange money/currency (British English) traveller's cheques/(US) traveler's checksgive/pay/leave (somebody) a depositBankshave/hold/open/close/freeze a bank account/an accountcredit/debit/pay something into/take money out of your accountdeposit money/funds in your accountwithdraw money/cash/£30 from an ATM, etc.(formal) make a deposit/withdrawalfind/go to/use (especially North American English) an ATM/(British English) a cash machine/dispenserbe in credit/in debit/in the black/in the red/overdrawnPersonal financemanage/handle/plan/run/(especially British English) sort out your financesplan/manage/work out/stick to a budgetoffer/extend credit (to somebody)arrange/take out a loan/an overdraftpay back/repay money/a loan/a debtpay for something in (especially British English) instalments/(North American English usually) installmentsFinancial difficultiesget into debt/financial difficultiesbe short of/(informal) be strapped for cashrun out of/owe moneyface/get/(informal) be landed with a bill for £…can't afford the cost of…/payments/rentfall behind with/(especially North American English) fall behind on the mortgage/repayments/rentincur/run up/accumulate debtstackle/reduce/settle your debts