Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: C

CONTINGENT CREDIT RISK

The RISK of loss arising from a potential CREDIT RISK exposure that may appear in the future, such as drawdown on a REVOLVING CREDIT FACILITY or payment under a GUARANTEE or LETTER

CONTINUOUS PROCESS

A process that uses constant production to get an end product or service. It goes on 24/7 to keep up with demand.

CONTRACT CHANGE AUTHORIZATION (CCA)

Interim papers provided by a main (client) to address adjustments or other commands realted to a deal. It is supposed to be substituted naturally by an additional acknowledgement or other authoritative document.

CONTRACT LOGISTICS

Planning, execution, and command of provision mechanism provided by a third party through a deal.

CONTRACT PERIOD

The count of calendar days (or working days), from a particular starting date to a given completion date, as given in a deal. Also known as contract time.

CONTRIBUTION PRICING

Method of calculating the selling price of a product so that it can at least add to the product

CORE INFLATION

A measure of INFLATION at the consumer level, excluding certain items such as food and oil. See also CONSUMER PRICE INDEX, HARMONIZED INDEX OF CONSUMER PRICES, RETAIL PRICE INDEX.

CO-TENANCY

A clause in some retail space lease agreements that entitles a tenant to a decrease in the amount of rent payments if a specified other tenant leaves the location. This is a

CROSS GUARANTEE

A GUARANTEE provided by one company to another company that is often related, such as a subsidiary or joint venture, and a reciprocal guarantee provided in the opposite direction. Cross guarantees may

CUSTODIAN

An AGENT that performs various duties on behalf of a client, including holding securities in safe CUSTODY, executing financial transactions under specific instructions, and collecting periodic CASH FLOWS from investments.

CYCLIC VARIATION

When the economy changes due to a recurring cause. It can be seasonal or follow a business.

CAIRNS GROUP

An interest group of 19 agricultural exporting countries, composed of Argentina, Australia, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, Guatemala, Indonesia, Malaysia, New Zealand, Pakistan, Paraguay, Peru, the Philippines, South Africa, Thailand,

CALL DURATION

The amount of time the call is connected from the originating party to the terminating party.

CALL PRICE

The price, specified at issuance, at which the issuer of a bond may retire part of the bond at a specified call date.

CAMEL(S)

Regulatory BANK ratings used in the US and UK financial systems based on a review of CAPITAL, ASSETS, management, MARKET RISK, earnings, and LIABILITIES/ LIQUIDITY. CAMEL ratings are used to reflect the

CANCELLATION PROVISION CLAUSE

It is a provision in an insurance policy that permits an insurer or an insurance company to cancel a property and casualty or a health insurance policy at any time before its

CAPABLE TO PROMISE

Refers to a system that allows an enterprise to commit orders against available capacity, as well as inventory. These systems are evolving to include multiple sites, as well as the entire distribution

CAPITALIZATION FACTOR

Any multiple or divisor used to convert anticipated economic benefits of a single period into value.

CAPSULE HOTEL

Japanese accommodation, initially intended for executives, tiny capsules are about 2 meters long by 1.50 wide.

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