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.
Princeton's WordNet(0.00 / 0 votes)Rate this definition: 1  labor, labour, working class, proletariat(noun) a social class comprising those who do manual labor or work for wages. there is a shortage of skilled labor in this field.