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When objective performance measures are unavailable but the company still wants to base pay on performance, it uses a(n)
Life Estate
A property interest that lasts for the lifetime of an individual, after which the property passes to another designated party.
Conditional Estate
A property interest that is dependent on the occurrence or non-occurrence of a specified condition.
Easement
A right granted to a party to use the property of another for a specific purpose, like a right-of-way.
Recording
Filing a deed, with any other related documents such as mortgages, with the appropriate county office, thereby giving official notice of the transfer to all interested parties.
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