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permanent employment (J2)<br />A Japanese practice of offering lifetime employment to workers, when they join a firm from school or university. This became popular with firms short of labour in the 1950s and anxious about labour turnover. The system has rarely been applied to small firms and less to women than to men. Under this system, all employees, except senior management, retire at 55. Increasing pressures in the Japanese economy in the 1990s threatened the existence of the system.<br /><em>Reference</em><br />Taira, K. (I970) Economic Development and the Labor Market in Japan, New York: Columbia University Press.
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poop (G1)<br />A person with insider information capable
<strong>Satisfactory Academic Progress (SAP)</strong> – To remain eligible for most types of financial aid, the student must maintain satisfactory academic progress as defined by the school.
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