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Meaning / Definition of

Garden Leave

Categories: Business and Management,

Also called Gardening Leave. Term used when an employee's contract has been terminated but they are instructed by the company to stay away from work, on full pay, during their notice period. Often to prevent them from working for competitors during that time.

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Definition / Meaning of

Home Equity

Categories: Credit and Debt, Real Estate, Legal, ,

The current market value of a house minus how much is owed on it. A home equity loan borrows against this amount.

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