What Is a Default Swap and What Is Its Use

question 1

Essay

What is a default swap and what is its use?

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Definitions:

Incentive Pay

Additional compensation awarded to employees as a means of encouraging increased productivity or performance.

Subjective Performance

An evaluation of an employee's work based on personal judgments or opinions, rather than measurable outcomes or metrics.

Spot Award

A one-time recognition given to an employee for exceptional performance or a significant achievement.

Gainsharing Award

A type of incentive program where employees receive financial bonuses based on improvements in the company's performance, which they contributed to.