Scrabble?! VERSEMENT

Definitions of VERSEMENT in various dictionaries:

In France, the versement transport (abbreviated VT) is a hypothecated local tax levied on the total gross salaries of all employees of companies of more than 11 employees, originally intended to raise capital for investment in local public transport infrastructure, but more and more used to cover its operating expenses. The tax is levied on the employer, not the employee directly. The money is directed to the autorité organisatrice de transport urbain (AOT, "Urban Regional Transport Authority"), the local government authority responsible for organising public transport. In 2010, for example, this tax financed nearly 40% of the operational cost for the public transport network in Ile-de-France through the Syndicat des transports d'Île-de-France (STIF), the AOT for the Île-de-France, which includes Paris. The STIF distributed the money between the Régie autonome des transports parisiens (RATP, the metropolitan transport authority), the Société nationale des chemins de fer français (SNCF, the state railway operator) and the Optile group (private companies that operate bus lines in the suburbs).