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

Category: C

COMPANY UNION

A union that is fake. The employer can prevent the organization of a real union. AKA house union.

COMPENSATING BALANCE

A noninterestbearing demand DEPOSIT placed by a customer with a BANK to compensate for LOANS or other services granted.

COMPETITIVE INTELLIGENCE

Constantly checking the firm’s market for competitors, activites, affect, and the response. It is legal and uses information free to the public.

COMPETITOR

Any party that is a rival. It can be a company. It helps keep prices low and products efficient.

COMPLEXITY FACTOR

A number that shows the level of complexity to any situation. It comes from the parts, type of connections, unknowns, and uncertainty.

COMPRADORE

An agent from a foreign firm that acts for their country for a buyer.

CONCENTRATION RISK

The RISK of loss arising from a large position in a single ASSET or market exposure. An excessive concentration can give rise to LIQUIDITY RISK or MARKET RISK losses.

CONCERTED ACTION

Activity performed by parties for their benefit that have agreed to jointly hold responsibility for any outcome, positive or negative.

CONDITIONAL BILL OF SALE

The ownership of an asset is given to secure a loan. The mortgagor gets the ownership until the debt is paid. The property can be repossessed by the mortgagor if default occurs.

CONDUIT

A party that buys a mortgage backed security from the third party to resell later. It makes the sale more profitable. It’s used if the borrower can’t get the loan due to

CONFORMANCE

A certification that an item meets requirements and standards of a contract. Refer to compliance.

CONJUNCTIVE MODEL

When customers need minimal satisfaction for the product. If it does not deliver thean they will not buy it.

CONSENSUS

The middle ground between agreeing and disagreeing. The participants share a value and goal and work to get that goal to get a decision made. Refer to collective responsibility.

CONSISTENT

1. an order done logically with a pattern. 2. anything that doesn’t change. 3. following the rules of standards.

CONSTANT VARIABLE

A variable that can’t be changed once it gets a value. Refer to dependent variable and independent variable.

CONSTRUCTIVE FORCE

Words or gestures that are threatening. It is used to get permission or prevent an argument.

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