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

Category: C

COMPARATIVE FINANCIAL STATEMENT

The formatting for a balance sheet that shows each item for the current and last period. They are dollar amounts or percentages. Refer to common size financial statement.

COMPENSATION PLAN

How the commission is decided by agents based on sales revenues. Refer to compenstation structure.

COMPETITIVE QUOTATIONS

Buying using quotes from suppliers in whice the best one is chosen based on price and product. AKA competitive proposals.

COMPLEMENTARY GOOD

An asset that is bought in amounts of more than one. An example of this is a tire. AKA complementary product.

COMPLEX

1. a group of close buildings or a building. 2. a compound that occurs when nonmetal bond to metals.3. a syndrome or disorder.

COMPLIANT

A party that has done its part of a contract or requirements.

CONCEPT SEARCH

The use of a search engine that follows a certain formula to retrieve resources that are related to a keyword.

CONCORDANCE

The listing of words in a work. The context is used and the meaning as well. AKA concord.

CONGESTION PRICING

Installing fee strucures for motor ways during high traffic. It is based on supply and demand but used in urban areas through electronic systems.

CONSEQUENTLY

Anything that occurs due to a previous event. Refer to subsequently.

CONSTRUCT

A story used to organize facts and explain theories. Refer to constructed knowledge. AKA hypothetical construct, logical construct, or theoretical construct.

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