Business, Legal & Accounting Glossary
n. a person who is hired for a wage, salary, fee or payment to perform work for an employer. In agency law the employee is called an agent and the employer is called the principal. This is important to determine if one is acting as employee when injured (for worker’s compensation) or when he/she causes damage to another, thereby making the employer liable for damages to the injured party.
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This glossary post was last updated: 27th April, 2020 | 2 Views.