Examlex
Competency modeling refers to an individual's capability to orchestrate and apply combinations of knowledge,skills,and abilities.
Incoming Partner
A new partner who is admitted to a partnership, often contributing capital or assets to the existing partnership.
Capital Balance
The amount of money that investors have contributed to a company plus retained earnings, less any withdrawals.
Fair Market Value
The price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.
Bonus
Additional compensation given to employees as a reward for their performance, typically cash or stock options.
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