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A recent trend in public sector labour relations is the reliance on legislation by governments. Explain the reasons for and the significance of this trend.
Net Income
Net income is the total profit of a company after all expenses, including taxes and costs, have been subtracted from total revenue.
Payday Lender
A financial institution that offers high-interest, short-term loans, usually due on the borrower's next payday.
Proxy Statement
A document containing the information that a company is required by law to provide to shareholders to solicit proxies for voting at a shareholder meeting.
Affirmative Covenants
Provisions in a loan agreement requiring the borrower to undertake certain actions or meet specific conditions.
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