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A Grievance Is a Formal Complaint by an Employee That

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A grievance is a formal complaint by an employee that his or her supervisor has violated some part of the union-management contract.


Definitions:

Long-Term Debt To Assets

A ratio indicating the proportion of a company's assets that are financed through long-term debt, showing financial leverage.

Total Assets

The sum of all owned resources with economic value that are expected to provide future benefits to a company.

Long-Term Liabilities

Financial obligations of a business that are due more than one year in the future.

Credit Risk

The potential for loss due to a borrower's failure to repay a loan or fulfill contract terms.

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