Examlex
Match each term with the appropriate definition.
-a position with the authority and responsibility to achieve the organization's main goals and objectives
Loan Covenants
Conditions set by lenders that borrowers must agree to and maintain to remain in compliance with the terms of the loan agreement.
Interest Payments
The payments made by a borrower to a lender for the use of borrowed money, typically expressed as an annual percentage of the principal.
Accounting-based Incentives
Incentives designed based on accounting figures and performance metrics to motivate employees or management toward specific behaviors.
Earnings Growth
An increase in a company's net income over a specified period, indicating financial health and profitability.
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