stip. Verb. (third-person singular simple present stips, present participle stipping, simple past and past participle stipped) Abbreviation of stipulate. The attorneys agreed to stip to a stay of proceedings.
Similarly, what does Stip mean in texting?
Short-Term Incentive Plan
Additionally, is Stip a word?
No, stip is not in the scrabble dictionary.
What is STIP authorization?
The process by which an Issuer or Stand in Processor (STIP is a service that provides authorization response on behalf of an Issuer) will either grant or deny permission to the merchant to complete a transaction. Authorization is based on the cardholder's account status and available funds or credit.
Is incentive and bonus the same?
Incentive: Additional pay (above and beyond the base salary or wage) awarded to an employee, such as stock options or a contingent bonus plan, that is 'forward looking'. Bonus: Plans that award cash or other items of value, such as stock (or stock options), based on accomplishments achieved.