Compensation
Definition of "Compensation"
Money and nonmonetary consideration given to employees for work performed. The reward will typically be increased the better the job is done. Salary and fringe benefits are a major cost of a business so the amount paid must be within the financial abilities of the entity. Compensation depends on union contract and must not violate any laws.
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Related Real Estate Glossary terms
Literature, samples, equipment, tools, and other useful information that real estate brokers or agen .
Initial Interest Rate
The interest rate that is fixed for some specified number of months or years at the beginning of the .
One who is trained in the measurement of land for the purpose of determining its perimeter boundarie .
Construction Loan Rate
(1) The interest rate charged on a construction loan. (2) The rate at which construction loan progr .
Forbearance Agreement
An agreement by the lender not to exercise the legal right to foreclose in exchange for an agreement .
A person who dies without a will and having unknown intentions regarding his estate. In such case, a .
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