"card check"

(noun)

Card check (also called majority sign-up) is a method for American employees to organize into a labor union in which a majority of employees in a bargaining unit sign authorization forms, or "cards," stating they wish to be represented by the union.

Related Terms

Examples of "card check" in the following topics:

  • Credit Cards

    • A credit card is a payment card issued to users as a system of payment.
    • A credit card also differs from a cash card, which can be used like currency by the owner of the card .
    • Compared to debit cards and checks, a credit card allows small short-term loans to be quickly made to a customer who need not calculate a balance remaining before every transaction, provided the total charges do not exceed the maximum credit line for the card.
    • Finally, credit cards reduce the back office expense of processing checks/cash and transporting them to the bank.
    • A credit card is a payment card issued to users as a system of payment.

  • Short-Term Loans

    • A credit card is a payment card issued to users as a method of payment.
    • For smaller businesses, financing via credit card is an easy and viable option.
    • Compared to debit cards and checks, a credit card allows small short-term loans to be quickly made to a customer.
    • The customer then need not calculate a balance remaining before every transaction, provided the total charges do not exceed the maximum credit line for the card.
    • These loans are also sometimes referred to as "cash advances," though that term can also refer to cash provided against a credit card or other prearranged line of credit.

  • Forms of Money

    • Once sellers accept a check, they present the check to a bank for payment.
    • The most common form being debit cards.
    • A debit card improves the payments system's efficiency and extends the function of checks.
    • Many retail and grocery stores allow consumers to pay for goods and services using a debit card.
    • Although many businesses do not accept checks, they do accept debit cards.

  • Financial Innovation

    • MMMFs paid a higher interest rate, and they allow check-writing privileges.
    • Moreover, banks offer debit cards.
    • For example, a customer uses a debit card to pay for goods and services by electronically transferring funds from his checking account to a store's bank account.
    • Thus, the debit card has replaced checks.
    • Some businesses do not accept checks, but take debit cards because the merchants know they will receive money from the customer's bank.

  • Managing Float

    • Float is most apparent in the time delay between a check being written and the funds to cover that check being deducted from the payer's account.
    • Once the payee's bank notifies the payer's bank of a pending check, the duplicate funds will be removed from the payer's account and the checks will be considered to have cleared the bank.
    • In check clearing, bank float and customer float are present.
    • Before electronic check clearing, bad weather or communication problems often caused float to significantly increase, as the clearing of checks was delayed.
    • Some methods for accomplishing this include mailing checks far away from those waiting to receive payment, disbursing checks from a remote bank, or purchasing with credit cards.

  • Mutually Exclusive Events

    • In a box there are 3 red cards and 5 blue cards.
    • The cards are well-shuffled.
    • Let R = red card is drawn, B = blue card is drawn, E = even-numbered card is drawn.
    • Out of the blue cards, there are 2 even cards: B2 and B4. )
    • check whether P(L|F) equals P(L): We are given that P(L|F) = 0.75 but P(L) = 0.50; they are not equal.

  • Electronic Banking

    • You can use them to make a withdrawal, make a deposit, make a loan payment, transfer money from one account to another, or check your account balance.
    • All you need is a plastic card from your bank and your own password.
    • This service makes it possible for you to have your money electronically added to your checking account every payday.
    • Direct deposit is popular among people who receive Social Security checks or pension checks because it saves them the trouble of travelling to the bank to deposit them in person.
    • Online banking allows you to check your balance, pay your bills, view statements, transfer funds, view transaction history, and much more.

  • Random variables exercises

    • Consider the following card game with a well-shuffled deck of cards.
    • If you draw a red card, you win nothing.
    • In a new card game, you start with a well-shuffled full deck and draw 3 cards without replacement.
    • Suppose 54% of passengers have no checked luggage, 34% have one piece of checked luggage and 12% have two pieces.
    • We suppose a negligible portion of people check more than two bags.

  • Answers to Chapter 1 Questions

    • Debit cards are electronic.
    • Checks allow people to exchange money through exchanging deposits at a bank.
    • Checks are useful for large transactions.
    • Credit cards are loans from a bank or finance company.
    • Of course, many people use credit cards as money, further complicating the money definition even more.

  • Payments

    • Mailing checks from locations not close to customers.
    • Disbursing checks from a remote bank.
    • Purchasing with credit cards so that the time required for making payment is much longer.
    • By using a credit card, you will receive a bill at the end of the month payable in 30 days.