KEY EMPLOYEE
A valuable employee with a major ownership and plays a vital role in the decision-making of the company. These people are usually highly compensated and may receive special benefits as an incentive. Absence of key employees is highly unfavorable to the company or organization they belong, which can lead to huge losses.
The Internal Revenue Service (IRS) used this term for an employee who has more than 5% business ownership and/or more than 1% business ownership. Also, its annual compensation is greater than a specific amount or is an officer with compensation more than a certain amount. Other IRS and government rules have various definitions of "key employee" for different purposes.
POPULAR TERMS
Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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An Introduction to Forex
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Retirement Planning: The Significance of Retirement
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04:00 | Expected Annual Inflation 2y from now | 4 quarter | |
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10:30 | New Yuan Loans | Oct | |
01:30 | Westpac Consumer Sentiment | Nov | |
01:50 | M2 Money Supply + CD | Oct | |
02:30 | NAB Business Confidence | Oct | |
08:00 | Prelim Machine Tool Orders | Oct | |
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09:00 | Harmonized CPI | Oct |