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Today's Terms
Economic strike
Definition:
Economic strikes are not a ground for terminating participating employees and they result when employees strike after a stalemate in negotiations over a contract with management.
Illegal strike
Definition:
Illegal strikes are considered those, that attempt to force an employer to join a union, prevent the employer from doing business with someone, strikes that begin within 60 days preceeding the labor agreement and the ones that force the employer
Federal Reserve Bank
Definition:
One of the 12 operating arms of the Federal Reserve System, located throughout the United States, that together with their 25 branches carry out various functions of the U.S. central bank system.
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