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Unless an auction is advertised or announced to be without reserve, when a bid is made at an auction, it can be withdrawn if the auctioneer has not yet accepted the bid, because the auctioneer has the power of acceptance.
Compensation Expense
An accounting expense recognized in the books, representing the cost of the benefits provided to employees, including wages, salaries, and bonuses.
Options Pricing Model
Mathematical models used to calculate the theoretical value of options contracts based on various factors like the underlying asset's price, strike price, and time to expiration.
Performance-Based Stock Option Plan
A stock option program that ties the vesting or value of options to the achievement of specific performance targets, aligning employees' interests with corporate goals.
Compensation Expense
The total cost incurred by a company to compensate its employees, including wages, benefits, bonuses, and stock options.
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