What does the acronym UA in a trust account mean? What is a in trust for account? When money or funds are in trust in an account, they are typically  being held for one party and handled by another. It is a way to  control and convey assets for a third-paâ¦rty owner.
Dictionary entry overview: What does piecework mean? â¢ PIECEWORK (noun) The noun PIECEWORK has 1 sense: 1. work paid for according to the quantity produced Familiarity information: PIECEWORK used as a noun is very rare.
Piece-Rate Systems. The most basic individual incentive system is the piece-rate system, whether of the straight or differential type. Under the straight piece-rate system, wages are determined by multiplying the number of units produced (such as garments sewn or customers contacted) by the piece rate for one unit.