Search Results for: PUBLIC SERVICE

rate

rate, n. 1. Proportional or relative value; the proportion by which quantity or value is adjusted (rate of inflation). 2. An amount paid or charged for a good or service (the rate for a business-class fare is $550). class rate. A single rate applying to the transportation of several articles of the same general character.

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wage

wage, n. (usu. pl.) Payment for labor or services, usu. based on time worked or quantity produced; specif., com-pensation of an employee based on time worked or output of production. • Wages include every form of remu-neration payable for a given period to an individual for personal services, including salaries, commissions, vaca-tion pay, bonuses, and

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hedge fund

hedge fund. A specialized investment group — usu. organized as a limited partnership or offshore investment company — that offers the possibility of high returns through risky techniques such as selling short or buying derivatives. • Most hedge funds are not registered with the SEC and are therefore restricted in marketing their services to the

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desk audit

A review of a civil-service position to determine whether its duties and responsibilities fit the prescribed job classification and pay scale. [Cases: Officers and Public Employees 11.8. C.J.S. Officers and Public Employees §§ 74, 77.]

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common calling

common calling. 1. An ordinary occupation that a citizen has a right to pursue under the Privileges and Immunities Clause. [Cases: Constitutional Law 207(2). C.J.S. Constitutional Law §§ 667, 670.] 2. A commercial enterprise that offers services to the general public, with a legal duty to serve anyone who requests the services. • For example,

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act of indemnity

act of indemnity. 1. A statute that relieves specified persons, esp. government officials, from some penalty to which they might be subject as a result of having exceeded their powers or having otherwise acted illegally. 2. A statute that compensates persons for damage incurred as a result of some public measure or government service.

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