List and Describe the Three Types of Credit

question 75

Essay

List and describe the three types of credit.

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Definitions:

FMLA

The Family and Medical Leave Act, a U.S. federal law that provides eligible employees with unpaid, job-protected leave for certain family and medical reasons.

Employers

Entities that hire individuals to perform various jobs in exchange for salary or wages.

Employees

Individuals who are hired by a company to perform tasks in exchange for compensation, under the direction and control of the employer.

COBRA

A federal law in the United States that allows for the temporary continuation of health coverage at group rates for employees and their families under certain circumstances such as job loss.