Section 102 of the LMRDA Allows Any Person Whose Rights

question 65

True/False

Section 102 of the LMRDA allows any person whose rights under the act have been violated to bring a civil suit in the federal courts for such relief as may be appropriate.

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Definitions:

Amortized

The process of gradually writing off the initial cost of an asset or loan over a period of time in a systematic and rational manner.

Deferred Contribution

Contributions or payments made to a fund or organization that are to be recognized as revenue over a future period.

Specific Project

A particular plan or undertaking designed to achieve a certain goal within a designated timeframe and often with a defined budget.

Reporting Method

Refers to the various methodologies and guidelines used for preparing and presenting financial statements.