LEAVE-SHARING PLAN
A plan or structure that allows employees to share unused sick leave for the benefit of other employees who have maximized the allotted number of sick leave. This scheme is designed to aid employees who experience unexpected circumstances, major surgeries, medical emergencies or natural disasters. It varies from one employer to another.
A company must consider these factors in offering leave-sharing plan: To whom the employees are giving their sick leave and if the firm should limit the number of sick leave that can be donated.
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Netting
Settling mutual obligations at the net value of a contract as opposed to its gross dollar value.
Lemming
An investor who follows the crowd in investing without doing any research on his/her investments. Usually, lemming results to significant losses. T ...
Transaction Deposit
Bank deposit that can be immediately withdrawn, transferred, or otherwise transacted by the depositor. Banks are required to maintain reserves on h ...
Value Fund
Value Fund refers to a stock mutual fund that holds stocks, which are believed to be undervalued in price but are likely to be capable of paying di ...
Market Order
Most common way of carrying orders; an instruction or order from a client, via broker or brokerage service, to immediately purchase or sell an inve ...
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