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They're expensive, too: a standard fee is "2 and 20"; that is, each year you're charged two per cent of the money you've invested in the fund, and also twenty per cent of any profit above an agreed-upon benchmark.
Hedge-fund managers, for instance, typically are paid "2 and 20": they get two per cent of total assets as a management fee, and they keep twenty per cent of their investment gains (above some agreed-upon benchmark).
Usually, this is 30/30/40 - 30% in advance (to bind you, and to enable you to purchase materials), 30% upon completion of some agreed-upon benchmark, such as delivery of comps (rough sketches, if you are an artist, or small printouts if you make signs or do other design type work, etc), and the balance upon completion.
Similar(56)
Each beneficiary will sign a contract with consequences for failing to meet the agreed-upon benchmarks.
The government will reimburse them several years later, possibly with a bonus — but only if agreed-upon benchmarks show that the program is working.
The EMRALD team including several family physicians/EMR users discussed and agreed upon benchmarks for optimal completeness.
The problem is even more pronounced when homeowners are hoping to refinance a mortgage or get a home equity loan, because there is no current agreed-upon sale price as a benchmark, they say.
The full-day General Assembly gathering marks the first of three time-bound benchmarks set out in the Declaration of Commitment, the international community's agreed-upon blueprint for reversing the spread of infection, and caring for those already infected.
"This an agreed-upon sale".
A certain agreed-upon word.
Then he remembers the agreed-upon code.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com