Examlex
Would you rather work for a small or large business?
Employer
An individual or organization that hires and pays for the services of workers.
Employee
An individual who works part-time or full-time under a contract of employment, providing labor to an employer for compensation.
Unfunded Pension Liability
A pension plan's financial shortfall when the projected retirement benefits obligations exceed the current assets available to fund them.
Long-Term Liability
A financial obligation of a company that is due more than one year in the future.
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