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Today's Terms
Unfair labor practice strike
Definition:
Employees who take part in an unfair labor practice strike retain their status as employees. Once the NLRB determines an employer's actions to be an unfair labor practice, employees are entitled to have their old jobs back, even if their employer has hire
National Labor Relations Act
Definition:
This act once guaranteed workers the freedom to form unions without employer interference. Today, however, this guarantee is not given any more.
Central bank
Definition:
A country's principal monetary authority, responsible for such key functions as issuing currency and regulating the supply of credit in the economy.
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