LIFE EVENTS

Worker Adjustment and Retraining Notification Act (WARN Act)

Federal statute requiring employers to give notice to workers when plants close and there are mass layoffs.

Worker Adjustment and Retraining Notification Act (WARN)

The Worker Adjustment and Retraining Notification Act (WARN) was a bill passed in 1988 that required certain employers to notify employees and officials when laying off large numbers of employees. WARN first addressed layoffs resulting from...

workers compensation

Overview

Workers' compensation laws protect people who become injured or disabled while working at their jobs. The laws provide the injured workers with fixed monetary awards, in an attempt to eliminate the need for litigation. These laws also...

workers' compensation

See: workers’ compensation

[Last updated in September of 2021 by the Wex Definitions Team]

workers' compensation acts

See: workers’ compensation

[Last updated in September of 2021 by the Wex Definitions Team]

workmen's compensation

See: Workers’ compensation

[Last updated in September of 2021 by the Wex Definitions Team]

workout

Workout is an arrangement negotiated between a debtor and creditor to take care of a debt, by paying it off or through loan forgiveness. A workout agreement is a mutual agreement entered into by a borrower and a lender to reschedule the terms...

workplace safety

Workplace Safety: An Overview

Workplace safety and health laws establish regulations designed to eliminate personal injuries and illnesses from occurring in the workplace. The laws consist primarily of federal and state statutes. Federal laws and...

write-off

A write-off means removing an asset from the books, especially as a loss or expense, while to “deduct” an item means to subtract it from gross income or adjusted gross income when calculating taxable income.

In personal-...

wrongful constructive discharge

A modified claim of wrongful termination; instead of firing the employee, the employer wrongfully made working conditions so intolerable that the employee was forced to resign.

Working conditions might become intolerable through insults,...

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