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Supervisors should complete the performance evaluation the day before the appraisal meeting so they have an opportunity to review it and make changes if necessary.
Premium
An additional payment above the nominal or face value of a transaction, security, or insurance policy.
Option Contract
A contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset at a set price on or before a given date.
Forward Contract
A customized contract between two parties to buy or sell an asset at a specified future date for a price agreed upon today.
Futures Contracts
Standardized legal agreements to buy or sell something at a predetermined price at a specified time in the future, often used for commodities or financial instruments.
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