Definition

Year-end bonus

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A year-end bonus also known as Christmas bonus is a bonus for the employee at the end of the year and are generally made up of lump-sum payments used to reward the employee for their dedication and hard work. For some year-end bonuses, the amount of the reward can vary depending on the completion of certain milestones.

Term of the day

Default Risk Premium

What is Default risk premium? Default risk premium refers to the additional return received by the lender from the borrower by assuming default risk. Default r......
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