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Term of the Day
BusinessDictionary.com
closed shop
Definition
Place of
employment
bound
by a
union
(collective bargaining) agreement to
hire
only the
members
of a particular union. This
practice
is generally illegal.
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Nearby Terms
closed mortgage
closed position
closed proceeding
closed promotion
closed question
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closed shop
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closed system
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closed to new investors
closed transaction
closed union
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