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Today's Terms
National Labor Relations Act
Definition:
This act once guaranteed workers the freedom to form unions without employer interference. Today, however, this guarantee is not given any more.
Norris-LaGuardia Act
Definition:
Adopted in 1932, this act was one of the first attempts to limit the power of federal courts in labor disputes.
Futures
Definition:
Contracts that require delivery of a commodity of specified quality and quantity, at a specified price, on a specified future date.
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