Trade Adjustment Allowance

AAA

DEFINITION of 'Trade Adjustment Allowance'

A federal government subsidy paid to individuals who have lost work because of increased foreign imports or the export to other countries of work in their fields. The U.S. Department of Labor must certify a worker's employer/former employer as an affected employer for the worker to be eligible for the trade adjustment allowance.

INVESTOPEDIA EXPLAINS 'Trade Adjustment Allowance'

In addition to income support, the trade adjustment allowance provides job training, job search and relocation allowances. Workers may be required to participate in a program to train them for work in a new field as a condition of receiving trade adjustment allowance payments.



RELATED TERMS
  1. Trade Adjustment Assistance - TAA

    An unemployment assistance program offered in the United States ...
  2. Trade Act Of 1974

    Legislation passed by U.S. Congress to expand U.S. participation ...
  3. Unemployment

    Unemployment occurs when a person who is actively searching for ...
  4. Government Grant

    A financial award given by the federal, state or local government ...
  5. Unemployment Income

    An insurance benefit that is paid as a result of a taxpayer's ...
  6. Federal Unemployment Tax Act - ...

    The original legislation that allows the federal government to ...
Related Articles
  1. Sanctions Between Countries Pack a Bigger ...
    Economics

    Sanctions Between Countries Pack a Bigger ...

  2. The Unemployment Rate: Get Real
    Economics

    The Unemployment Rate: Get Real

  3. Twin Deficits: Twice The Fun For The ...
    Economics

    Twin Deficits: Twice The Fun For The ...

  4. Jobless Growth: Are You Prepared?
    Professionals

    Jobless Growth: Are You Prepared?

comments powered by Disqus
Hot Definitions
  1. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  2. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  3. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  4. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  5. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  6. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
Trading Center