The contract that spells out the terms of employment between a labor union and an employer.
the document produced as a result of negotiations between a union and an employer, constituting the set of binding workplace rules.
An explicit contract of employment negotiated by union representatives and employers who employ members of the same union. After negotiations, union members typically have the opportunity to accept or decline new collective bargaining agreements through a voting process. Collective bargaining agreements may expand the minimum provisions or make up for their absence in Federal and state, labor and employment laws. For example, if state employment laws do not require employers to give employee rest or meal breaks, a collective bargaining agreement may do so. Compare to Implied Contract.
Keywords:  objective, cost
Cost objective
Keywords:  accounting, standards, cost
Cost Accounting Standards