An employee performance appraisal is a processâoften combining both written and oral elementsâwhereby management evaluates and provides feedback on employee job performance, including steps to improve or redirect activities as needed. Documenting performance provides a basis for pay increases and promotions.
What is a 'Concession'. A concession is a selling group's compensation in a stock or bond underwriting agreement. The amount of compensation is based on the underwriting spread, or the difference between what the public pays for the securities and what the issuing company receives from the sale. Included in the underwriting spread is the management fee, selling concession and underwriter's compensation.
â¢ FRANCHISE (noun). The noun FRANCHISE has 3 senses: 1. an authorization to sell a company's goods or services in a particular place. 2. a business established or operated under an authorization to sell or distribute a company's goods or services in a particular area.3. a statutory right or privilege granted to a person or group by a government (especially the rights of citizenship and the right to vote).. an authorization to sell a company's goods or services in a particular place. 2. a business established or operated under an authorization to sell or distribute a company's goods or services in a particular area.