MINIMUM WAGE Definition

Bookmark and Share

MINIMUM WAGE is the lowest compensation you are allowed to pay an employee for hourly work. It is defined by Federal, state, and sometimes local laws. State or local laws may be more restrictive than Federal law, and certainly may differ.

Learn new Accounting Terms

CLOSELY HELD is a description of a corporation whose voting stock is owned by a very small number of shareholders.

RIGHTS, generally, is an entitlement to something, whether to concepts like justice and due process or to ownership of property or some interest in property, real or personal. In securities, it is a securities offering that gives the stockholder an option to purchase additional shares at a predeter­mined price. Frequently, the stock can be traded with the rights attached.

Suggest a Term

Enter Search Term

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