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16 Cards in this Set
- Front
- Back
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Strike |
Union organized work stoppage designed to gain concessions from an employer |
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Closed shop |
Illegal arrangement under which workers must join a union before they are hiredlockout |
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Lockout |
Management refusal to let employees work until company demands are met |
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Injunction |
Court order issued to prevent a company or union from taking action during a labor dispute |
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Picket |
Demonstration before a place of business to protect a company's action |
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Arbitration |
Agreement by two parties to place a dispute before a third party for a binding settlement |
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Mediation |
Process of resolving a dispute by brining in a neutral third party |
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Medium of exchange |
Money or other substance generally accepted in exchange one of the three functions of money |
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Monetary standard |
Mechanism that keeps a money supply portable, divisible, and stable in value; gold standard, silver standard, fiat money standard |
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Deregulation |
Relaxation or removal of government regulations on business activities |
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Treasury bond |
United States government bond with maturity of 10-30 years |
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Treasury bill |
Short term United States government obligation with a maturity of one year or under in denominations of 1,000 |
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Equities |
Stocks that represent ownership in corporations |
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Futures |
Contracts to buy or sell commodities or financial assets at a specific future date using a price agreed upon today |
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IRA |
Retirement account in the form of a long term time deposit, with annual contributions of up to 3,000 per year not taxed until withdrawn during retirement |
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Municipal bond |
Bond often tax exempt issued by state and local governments; known as munis |
