Examlex
Which of the following is a benefit for unions that results from union-management partnerships?
Precautionary Demand
The desire to hold cash or assets as a buffer against future financial uncertainties.
Emergency Needs
Financial requirements that arise unexpectedly and require immediate attention, often relating to health, home repairs, or urgent personal matters.
Chattel Mortgage
A loan arrangement in which personal movable property is used as security for the loan, and the lender holds a mortgage over the chattel.
Trust Receipts
Documents that acknowledge the receipt of goods that are held in trust for the lender until the loan associated with the goods is paid.
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