|
|
Employment status |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Employment statusA term used by lenders to describe potential borrowers' working arrangements. Self-employed applicants are sometimes seen as a greater risk than employees. Many specialist lenders and mortgages have emerged in recent years designed specially for different types of employment status.Employment status Similar MatchesVerification of employmentVerification of employmentAs part of the loan process, a lender will ask the borrower's employer for confirmation of the borrower's position and salary. Full Employment and Balance Growth Act of 1978(Humphrey Hawkins Act)Full Employment and Balance Growth Act of 1978(Humphrey Hawkins Act)Federal legislation that, among other things, specifies the primary objectives of U.S. economic policy-maximum employment, stable prices, and moderate long-term interest rates. Employment rateEmployment rateThe percentage of the labor force that is employed. The employment rate is one of the economic indicators that economists examine to help understand the state of the economy. See also: Unemployment rate. Unemployment insuranceUnemployment insuranceAnother form of income protection, but one that does not cover any form of sickness, injury or disability. The purpose of this type of policy is to replace income lost through a short to medium term period of redundancy. It provides you with a monthly tax-free income to cover a portion of your lost earnings. It is often sold in conjunction with the accident, sickness and disability element of income protection policies, in which case it is known as Accident, Sickness and Unemployment (ASU). UnemploymentUnemploymentA measure of the number of workers that want to work but do not have jobs. Further SuggestionsSelf employment taxunemployment benefit Employment argument for protection Unemployment rate expenses in employment Accident, Sickness and Unemployment insurance |
|
|
|