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Acceleration Clause A clause in a contract that states that if a payment is missed, or some other default occurs (such as the debtor becoming insolvent), then the contract is fully due immediately.
Accrual Basis Accounting An accounting method that records sales, expenses or other events at the time they occur, rather than when cash changes hands
Acquiescence Action or inaction which binds a person legally even though it was not intended as such. For example, action which is not intended as a direct acceptance of a contract will nevertheless stand as such as it implies recognition of the terms of the contract. Acquiescence also refers to allowing too much time to pass since you had knowledge of an event which may have allowed you to have legal recourse against another, implying that you waive your rights to that legal recourse.
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During the last recession, employment in the health care industry grew while total nonfarm employment was down by more than 7.5 million; although growth in health care was not as robust as in the previous two recessions, the industry still gained 428,000 jobs
Bureau of Labor Statistics
The health care industry added 428,000 jobs throughout the 18-month recession from December 2007 until June 2009 and has continued to grow at a steady rate since the end of the recession. Historically, health care employment has been immune from fluctuations in the business cycle, as shown by the industry’s continued growth throughout previous recessions.
Bureau of Labor Statistics
In an economy hit with more than 7.5 million job losses, a national unemployment rate that rose to 10 percent in October 2009, and large declines in gross domestic product (GDP), all since the start of the most recent recession, the health care industry stood out as one of a few areas that continued adding jobs, thereby serving as a crutch for the ailing economy.
Bureau of Labor Statistics
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