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

Category: C

COMPARABLE WORTH

The idea that jobs that need an employee to have the same skill set should be paid the same.

COMPENSATING DIFFERENTIAL

When switching jobs sometimes the pay is different than the current one. If a job is less enjoyable than the wages may be raised to compensate for that. AKA compensating wage differencial

COMPETITIVE PARITY METHOD

Making a firm’s budget based on the competitions spending. It assumes similar objectives. Reer to adaptive control method, affordable method, objectives and task method, and percentage of sales method.

COMPILER

A programming language processor whose job is to translate other languages into machine language. It helps programs run faster.

COMPLETION GUARANTEE

A sponsor that promises a lender coverage on the risky phases of a project. They promise to finish on time and pay for over runs.

COMPOUND

1.to compute a charge on an amount that is already added. 2. a sustance with two or more elements in it held together by a covalent bond. 3. settling a matter in

COMPREHENSIVE GENERAL LIABILITY

ACOMMERCIAL LINE of INSURANCE providing the INSURED with protection against all exposures except those specifically excluded, generally those arising from products, premises, and actions of independent contractors.

COMPUTABILITY THEORY

Deciding if a math problem is solvable or not and the amount of effort it will take to do it.

CONCESSIONALLY TAXED

Reduced tax rates such as exemptionsand deferments to boost interest in investing. Australian earnings in superannuation funds are taxed at a lower rate.

CONFERENCE CALL

A conference on the web for a company’s employees. It is a call system from company to company. The quarterly performance is reported and then a question and answer section is started.

CONFOUNDING

1. something that is hard to solve. 2. a situation that have many factors making them hard to separate. 3. the relationship when the cause is different due to the associations with

CONSENT RESOLUTION

When an agreement is made though a manner that doesn’t require face to face interaction. The solution is simply signed and settled.

CONSOLIDATION LOAN

A loan that pays older loans with a new one. It has a longer time to pay off and an amount that is lower than the combined payments of the old loans.

CONSULAR DOCUMENTS

A document needed by an importing country from the exporting country. It must be stamped and signed.

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