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Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

Layoff

The termination of employment at the employer's instigation; esp., the termination -either temporary or permanent - of a large number of employees in a short time. - lay off, ub.

layoff bet

See BET.

layoff bet.

A bet placed by a bookmaker to protect against excessive losses or to equalize the total amount placed on each side of the wager.

layoff bettor

A bookmaker who accepts layoff bets from other bookmakers. See layoff bet under BET.

mass layoff

Labor law. Under the Worker Adjustment and Retraining Notification Act, a reduction in force that results in the loss of work at a single site, of 30 days or more, for at least 500 full-time employees, or 50 or more full-time employees if they make up at least 33 percent of the employees at that site. 29 USCA ยง 2101(a)(3). See WORKER ADJUSTMENT AND RETRAINING NOTIFICATION ACT.