agency shop
Definition
A working environment where employees are required to pay union fees, even if they are not union members. The agency shop typically requires such payments to cover the relevant union's services in contract negotiations, settlement of grievances and general administrative procedures.
Related Articles
- Places to Buy a Car Other than Dealers *
- Dividend Reinvestment Plans *
- Which High Return Investment Is Right For Your Retirement Savings? *
- Credit Default Swaps *
- Borrowing Against a Life Insurance Policy *
- Introduction to Trading and Types of Orders *
- Index Funds and ETFs *
- Introduction to Inflation and its Impact *
Related Videos
http://www.businessdictionary.com/definition/agency-shop.html


