To understand what implied volatility (IV) is, you must first understand what volatility is. Volatility measures the amount that something changes (or in more fancy jargon, it measures the magnitude of change). For example...the price of gas is volatile.
Labor Organization Definition: A defined group of employees formed for the purposes of representing those employees with the employer as to the terms of a collective contract of employment. Related Terms: Union, Trade Union, Labor Union, Collective Bargaining, Disclaimer of Interest.
Most interest groups are formed on the basis of economic interests. â¦ Labor groups promote and protect the interest of organized labor. Examples include the AFL-CIG and the Teamsters. Union. â¦ Business groups promote and protect business interests in general.