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<strong>Mastercheck</strong> – A single paper check issued from a lender or disbursing agent that includes funds for multiple FFEL Program borrowers.
on-the-job training (J2)<br />The acquisition of skills through copying the example of experienced workers who are continuously present to supervise the work attempts of the trainee. Most APPRENTICESHIP schemes are of this nature. BECKER included this type of training in his concept of HUMAN CAPITAL.<br /><em>See also:</em> off-the-job training
price floor (L5)<br />A minimum price usually set by a governmental order. The major examples of these are MINIMUM WAGES and supported agricultural prices. The purpose of such intervention in markets is usually to maintain the income of certain groups, particularly of non-unionized workers or farmers.
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