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Today's Terms
Wildcat strike
Definition:
A wildcat strike refers to any type of strike that is not sanctioned by the union. Wildcat strikers are not protected by the NLRA provisions and may be permanently terminated by the employer.
Over-the-counter
Definition:
Figurative term for the means of trading securities that are not listed on an organized stock exchange such as the New York Stock Exchange. Over-the-counter trading is done by broker-dealers who communicate by telephone and computer networks.
Capital market
Definition:
The market in which corporate equity and longer-term debt securities (those maturing in more than one year) are issued and traded.
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