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Company store

Related Terms:

company town wangan payroll retailer deduction indebtedness merchandise employee provision truck system

Noun

Definition: A retailer of provisions and general merchandise, owned by a firm which operates a mine or other industry nearby, and at which the firm's employees are required to shop, to pay high prices, and to make payments through payroll deductions or a truck system, typically resulting in the accumulation of considerable employee indebtedness.

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