When a business cannot meet its financial obligations (ie pay its bills and debts), it is said to be insolvent.

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Performance Related Pay

Performance Related pay is a remuneration system whereby the employee's pay is based on his or her performance. It is basically a payments by results system that is designed to give incentive to the employee to work harder or more productively. In its simplest form, this may be an annual bonus based on subjective assessment of performance. In many larger organisations this can be more structured, ...

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