Difference between revisions of "Threshold Agreement"
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Latest revision as of 18:25, 11 March 2020
Threshold Agreement - (noun)
Definition
This refers to an agreement between employees (or trade unions) and employers to raise pay by a certain amount of inflation increases by a specified amount in a specified time period.
Extra
Source: Adapted from the Free Dictionary
Example of Use: The trade union negotiated a decent threshold agreement during the last round of collective bargaining.