FAIR LABOR STANDARDS ACT Definition

Bookmark and Share

FAIR LABOR STANDARDS ACT is a U.S. federal law that enforces a group of minimum standards that employers must abide by when hiring employees.

Learn new Accounting Terms

LIQUIDITY RATIO see CASH RATIO.

STEWARDSHIP is responsibility for taking good care of resources entrusted to one, e.g., boards of directors must show good stewardship towards the company for which they are a board member.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.