Top: Business: Employment: Terminology: A

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Absence rate

The ratio of workers with absences to total full-time wage and salary employment. Absences are defined as instances when persons who usually work 35 or more hours per week worked less than 35 hours during the reference week for one of the following reasons: own illness, injury, or medical problems; child-care problems; other family or personal obligations; civic or military duty; and maternity or paternity leave.


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Accidental death and dismemberment

Policy that pays additional benefits to the beneficiary if the cause of death is found to be accidental. Fractional amounts of the policy will be paid out if the covered employee loses a bodily appendage or sight because of an accident.


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Aggregation

Combining index relatives from one level to the next higher level. The procedure for the International Price Program begins with the aggregation of item level relatives to weight group relatives. The weight group relatives are then aggregated to the classification group relatives. The classification group relatives are then aggregated to the stratum lower relatives which in turn are aggregated up the tree of stratum upper relatives to the All Import or All Export index level. 



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