Examlex
If the value of the collateral securing a secured loan is less than the secured interest, the secured creditor is an oversecured creditor.
Lockout
An action taken by employers to prevent workers from entering the workplace, typically used during labor disputes to pressure the union to accept contract terms.
Collective Bargaining
The process of negotiation between employers and a group of employees aimed at agreements to regulate working conditions.
Organizing Process
The organizing process involves arranging and structuring work to achieve organizational goals effectively and efficiently.
Unionized
Refers to workers or an organization that is part of a trade union, which negotiates wages, working conditions, and other employment terms.
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