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.
Define Concession Recovery Fee. concession recovery fee. A charge passed along to consumers by car rental companies to cover their cost of mandatory fees levied by the airport or other authority. Sometimes called an airport facility fee or airport access fee. To find the abbreviation, acronym, or term youâre looking for, use the Search box (below) or click on any letter (above). Become A Home-Based Travel Agent. Join the home-based travel revolution.