Official Strike

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Dictionary Says

Definition of 'Official Strike'

A work stoppage by union members that is endorsed by the union and that follows the legal requirements for striking, such as being voted on by a majority of union members. Workers engaging in official strikes have better protections against being fired.

Also called "official industrial action."
Investopedia Says

Investopedia explains 'Official Strike'

A famous official strike in the United States was the 1994 Major League Baseball strike, which canceled the end of the regular season and the entire postseason. Some of the replacement players who played during 1995 spring training, when the strike had not yet ended, remained in the major leagues, but are not allowed union membership to this day. One reason why this is important is because union players receive a certain percentage of Major League Baseball revenues, because MLB licenses players' names and images for items like jerseys and baseball cards. Non-union members do not receive this benefit.
Search results for

'Official Strike'

  • What Strikes Are Costing The Canadian Economy - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0711/What-Strikes-Are-Costing-The-Canadian-Economy.aspx
    ... substantially reducing mail volume for nearly two weeks, this strike resulted in ...
    on many mail-based businesses, though there aren't any official estimates of ...

  • Trading OEX Options: The Risk Of Early Exercise

    http://www.investopedia.com/articles/optioninvestor/09/early-exercise-oex.asp
    ... ask prices for the options change, but the OEX has an official closing price ... put
    can exercise it and receive the option's intrinsic value (strike price minus ...

  • Chrysler Bailout 2009: Third Time's A Charm? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0609/Chrysler-Bailout-2009-Third-Times-A-Charm.aspx
    ... Strike One Chrysler's first brush with bankruptcy unfolded in 1979 and culminated
    in the December ... Technically speaking, it wasn't an official bankruptcy. ...

  • The Ratings Game - A Solution - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0710/The-Ratings-Game---A-Solution.aspx
    ... for their ratings - meaning that investors who lose on one of the official ratings
    can ... Their rebellion is no different, in that sense, than a strike by public ...

  • How Does Your Margin Grow?

    http://www.investopedia.com/articles/optioninvestor/04/120904.asp
    ... SPAN has become the industry standard and is now the official performance bond ... by
    and the market has climbed over five points and above the strike price of the ...

  • Top 9 Vacation Destinations For Wall Street Geeks

    http://www.investopedia.com/articles/pf/08/geek-vacation-destination.asp
    ... (For related reading, check out Strike Gold With ... capital is the home of the Code
    of Hammurabi, which includes what may be the first official laws governing ...

  • American Options Investors: Should You Go Euro?

    http://www.investopedia.com/articles/optioninvestor/08/american-european-options.asp
    ... Settlement Price This is the official closing price for the expiration period and ...
    With American-style options, you see the stock approaching the strike and can ...

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