arvode
Arvode is a term used in Danish, Norwegian, and Swedish to denote the compensation paid to a professional for services rendered. It describes remuneration for expert work rather than a wage or salary and is commonly used in contracts between clients and professionals such as lawyers, consultants, architects, and medical specialists.
The arvode may be determined in several ways. It can be a fixed project fee, an hourly
Regulation and practice around arvode vary by country, profession, and context. Professional associations often publish guidelines
Etymologically, arvode is a cognate term across the Nordic languages and is widely understood in Scandinavia