The Law Dictionary

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

Category: C

COEMPLOYMENT

Term for the situation where an employee is equally employed by two legally distinct employers.

COLD BLOOD

Term for a criminal’s state of mind characterized by pre-meditated intent to commit a murder. Refer also to cool blood.

COLLAPSE

A sudden, dramatic slowdown, or stoppage, in economic production that leads to a steep decrease in prices that in turn leads to a subsequent connected fall in the level of employment.

COLLECTION DAYS

Average number of days for a firm to receive payment on its invoices. Formula: (Accounts receivable balance x 360, divided by (Sales on credit x 12)

COLLISION DEDUCTIBLE

Amount an insured pays out-of-pocket and deducted from an awarded insurance claim. This is typically a fixed sum, or a percentage of the total claim amount set when claiming insurance for a

CO-MANAGED INVENTORY

A specific quantity of a consumable item is stored at a customer’s premises, under agreement by the customer and owner-seller. The item is replaced, with the consent and knowledge of the customer,

COMBINATION VESSEL

Ship designed to simultaneously carry bulk, and break-bulk, and containerized cargo.

COMMERCIAL ACRE

The land area of 82.6% of an acre. The real estate institution measures an acres as 36000 ftsq, 4000ydsq, 3342.8msq, or 0.334 hectares. This is the unit of an acre in the

COMMERCIAL LOAN

A loan given to a business not a customer. They are short term and given for needs of the company. The statements of the company are required to maintain the loan over

COMMERCIAL PROTECTION

When a media company promises to seperate related ads from the competition by time. AKA competitive separation.

COMMERCIALLY REASONABLE

When a product or property is tested for fairness. Good faith is the accepted practice. If the sale is unreasonable than it may be rescinded.

COMMON ENEMY DOCTRINE

A law that a property owner can take action to protect their property from damage despite any damage to their neighboring property.

COMMON POLICY DECLARATIONS

The important information about a policy like the name of the insured, coverage amount, location, items, and descriptions that are in a different section of the insurance policy.

COMMUNIQU

1. a message or object that is used to communicate. 2.a short report to update the public on a project.

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