Workers Compensation Acts: Laws that require an employer to obtain insurance coverage to protect his or her employees who are injured in the course of their employment.

 

Related Words

Workers Compensation Acts: Laws that require an employer to obtain insurance coverage to protect his or her employees who are injured in the course of their employment.

Nexus (Of Contracts): A set or collection of something.

Older Workers Benefit Protection Act (OWBPA) Of 1990: OWBPA amended the ADEA prohibiting all employers from age discrimination in employee benefits programs by either providing equal benefits for older and younger workers or by spending an equa . . . View Full Definition

Open Contracts: Contracts that have been bought or sold without completion of the transaction by subsequent sale or purchase, or by making or taking actual delivery of the financial instrument or physical commodity.

Mutual Compensation: The concept that carriers must pay when they terminate traffic on the networks of carriers with which they are interconnected.

Options Contracts: A contract traded on a commodity futures exchange that gives the buyer the right without obligation to buy or sell a futures contract over a specified time period. The FAIR Act of 1996 requi . . . View Full Definition

Loudness Compensation: When played quietly, this switched circuit allows fuller apparent sound from a system such that the tendancy for human hearing sensitivity to drop off at certain frequencies is compensated a . . . View Full Definition

Infrared Compensation Index: Used to compensate the focus for black and white infrared film. Color ir film generally does not require compensation.

Land Management Services Contracts: A proposed national forest timber sale contract where purchasers would be required to perform activities, other than those directly related to timber cutting and removal, in or near the sale . . . View Full Definition

Lender Paid Compensation To Broker: This is also called the Yield Spread Premium. Fee which the lender pays to the mortgage broker for obtaining the loan for his client.