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economic terms 3

defining terms

TermDefinition
binding arbitration a judgment made by a third party to settle a dispute between two other parties, which is obligatory
strike Stoppage of work due to conflict over mandatory issues (issues that must be resolved through collective bargaining) such as wages or working conditions.
featherbedding the practice of a labor union requiring an employer to hire more workers than necessary for a particular task.
preferred stock A class of ownership in a corporation that has a higher claim on its assets and earnings
common stock A security that represents ownership in a corporation
stock A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings.
stockholder .An individual, group, or organization that holds one or more shares in a company, and in whose name the share certificate is issued.
stock broker An agent that charges a fee or commission for executing buy and sell orders submitted by an investor.
share The capital of a company is divided
bull market A financial market of a group of securities in which prices are rising or are expected to rise.
bear market A market condition in which the prices of securities are falling, and widespread pessimism causes the negative sentiment to be self-sustaining.
trade surplus An economic measure of a positive balance of trade, where a country's exports exceeds its imports
trade deficit An economic measure of a negative balance of trade in which a country's imports exceeds its exports
Created by: javionwalker13
 

 



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