Examlex
Which of the following compensation options would not qualify under the term pay-for-performance?
Lawyer
A professional who is qualified to offer advice about the law or represent someone in legal matters.
Ambulatory
In legal terms, ambulatory refers to something that is changeable or revocable until it becomes effective, often used in the context of wills and trusts.
Income Beneficiary
An individual or entity entitled to receive income generated from a trust, estate, or other financial instrument.
Trust
A legal arrangement where one party holds property on behalf of another party, often used for managing assets, estate planning, and in charitable giving.
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