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Maria asked one of her classmates,Tonya,to explain how to do an assignment that was due in class for next week.Tonya responded by saying,"Um,I really don't know.I guess you are supposed to just write an essay about your future plans and stuff like that." What are the words in italics called?
Contracts Written
Legal agreements created and documented between two or more parties, outlining specific terms and conditions of their arrangement.
Stock Options
The right, but not obligation, to buy or sell a stock at a predetermined price within a specific time period, often used as part of employee compensation packages.
Short-term Incentive
Compensation awarded to motivate and reward employees for achieving specific performance targets within a short period, typically one year.
Compliance Covenant
A clause in a financial agreement that requires a borrower to meet certain conditions to maintain good standing with the lender.
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