What does Stipened and Deferred mean?

Ive been working in television for 4 years now and the only term when it comes to getting paid ive ever heard is....DAY RATE.......what the hell is stipened and deferred pay??? it sounds like some sort of bull$hit term that means you aint getting paid......can somebody please explain this to me????

* Location: LAX
* Compensation: yes i want my Day Rate

----------------------------------
Re:What does Stipened and Deferred mean?
Date: 2009-07-26, 2:55PM PDT

What it means is all the current economy rapist are out preying on poor souls who have to swallow any dignity they have to keep alive. I would suggest reporting all of these sweat shop antics to the Labor Board of CA. Just my 2 cents

* Location: Rape R Us

----------------------------------

Stipend and Defered, you idiot!!! (Hollywood)
Date: 2009-07-26, 3:14PM PDT

I can not believe that someone who has been working in tv for four years has not heard of the term deferred and I also can not believe that someone who has been working in TV for four years has to look on craigslist for a job (unless they are so awful at what they do that not even their closest friends will hire them on). Deffered means that there is no pay. Sometimes people make films and videos for fun and don't always have the budget to pay everyone, and most of the time when someone is not paying it means that they are not getting paid themselves. You are probably new to southern California and don't understand the business at all, which is fine, but get used to it. Everyone pays there dues in the beginning and if they are lucky enough, they make a career out of it.

-------------------------------------

Date: 2009-07-26, 3:38PM PDT
To be honest most indy filmmakers misuse the meaning of Stipend and Deferred... The real meanings are below.

To answer your question - A stipend is a form of monetary payment or salary, such as for an internship or apprenticeship. It is often distinct from a wage or a salary because it does not necessarily represent payment for work performed, instead it represents a payment that enables somebody to be exempt partly or wholly from waged or salaried employment in order to undertake a role that is normally unpaid, (e.g. a magistrate in England), or voluntary, or which cannot be measured in terms of a task (e.g. members of the clergy).
Stipends are usually lower than what would be expected as a permanent salary for similar work. This is because the stipend is complemented by other benefits such as accreditation, instruction, food and/ or accommodation. Universities usually refer to money paid to graduate students as a stipend, rather than as wages, to reflect complementary benefits.

AND

Deferred compensation is an arrangement in which a portion of an employee's income is paid out at a date after which that income is actually earned. Examples of deferred compensation include pensions, retirement plans, and stock options. The primary benefit of most deferred compensation is the deferral of tax to the date(s) at which the employee actually receives the income.