Worker Rights

Company Union
A labor union that is generally perceived to be overly sympathetic to the management of the company where it is situated, potentially compromising the representation of its members' true interests.
Open Union
An open union is a labor organization that allows membership to any qualified worker without requiring initiation fees, high dues, examinations, or other barriers to membership.
Organized Labor
Organized labor, also known as unionized labor, refers to a group of workers who join together to negotiate with their employers regarding wages, hours, benefits, and other working conditions. The AFL-CIO is the largest union representing organized labor in the United States.
Rank-and-File
The term 'rank-and-file' refers to the ordinary dues-paying members of a union who are not part of the union's leadership or officials.
Strike Pay
Monies paid by the union to striking members to help compensate for lost income as a result of the strike.
Strike Vote
A strike vote is a vote cast by members of a union to authorize a strike against an organization. A clear majority is required for the vote to be effective, but the union leadership decides the timing and occurrence of the actual strike vote.
Sweatshop
A place of employment with unacceptable working conditions, characterized by low pay, poor working conditions, safety violations, and inhumane treatment of employees.
Sympathetic Strike
A sympathetic strike occurs when workers who are not directly involved in a dispute with their employer strike to express solidarity with workers who are on strike in another industry or sector.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.