independent contractor

independent contractor definition - business

independent contractor

A person or company that offers its services under a temporary agreement in which the independent contractor is not an employee and is subject to lesser control by the entity purchasing its services. Unlike employees, independent contractors often assume the risk of losing money during the term of an agreement.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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