Flexible Spending Account. Your employer may offer dependent care benefits by allowing you to use pre-tax dollars to pay for your child care expenses. This arrangement is a flexible spending account that is funded pre-tax contributions, deducted from your pay. For 2013, the maximum tax-free amount is $5,000.
golden parachute. A clause in an executive's employment contract specifying that he/she will receive large benefits in the event that the company is acquired and the executive's employment is terminated.
yellow-dog contract YELLOW-DOG CONTRACT, an agreement signed by a worker promising not to join a union while working for a company. Beginning during the period of labor unrest in the 1870s, companies used these agreements to prevent unions from securing a base in their firms.