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

Category: C

CONSULTING

Providing expert knowledge to another party for a fee.This is done when a company needs another opinion on an issue.

CONTESTABLE PERIOD

The time when a contact is valid to be challenged. For insurance its two years.

CONTINUING EDUCATION PROGRAM

Any lecture, course, seminar, webinar or program that is made to educate a party. It is meant to give skills or information needed in their work. New advances and expertise is learned.

CONTRACT FINANCING PAYMENTS

Money given to a contractee from a contractor for the purpose of making payments like advance, interim, performance payments, advancement payments, or/and other similar payments

CONVERTIBLE CURRENCY

A currency that can be freely exchanged into another currency for any purpose, without regulatory restrictions. Convertible currencies are generally associated with open and stable economies, and their prices are typically determined

CORRELATION COEFFICIENT

A measure of CORRELATION, typically computed as: where Cov (A,B) is the covariance between ASSETS A and B, A is the STANDARD DEVIATION of asset A and B is the standard deviation

COVERED WRITER

The seller of a COVERED OPTION that either owns the UNDERLYING ASSET (deliverable under a CALL OPTION) or has sufficient cash on hand to acquire the asset (under a PUT OPTION) should

CRUSH SPREAD

A SPREAD in the GRAINS market reflecting the price differential between soybeans (as feedstock) and soybean oil or soybean meal (the two main byproducts); the spread can be traded through a single

CUTTHROAT COMPETITION

When competition prices in a predatory manner or promotes heavily to get rid of their rivals.

CYLINDERBOARD

The paperboard thicker than 380 micrometers. It is glossy and printable used for packaging.

CABLE FOR AUTHORITY

To pay a request that was sent electronically by starting a negotiation with a bank (usually the issuing bank) of a letter of credit (L/C). Permission must be given to pay the

CALIPER

An instrument for measuring external or internal dimensions, having two hinged legs resembling a pair of compasses and in-turned or out-turned points.

CALL ON A CALL

A COMPOUND OPTION that grants the buyer the right to purchase an underlying CALL OPTION from the seller of the compound. The option is generally purchased when the need for the underlying

CALL SYSTEM

A system to allow residents (patients) to communicate with a nurses’ station from their rooms and from toilet and bathing facilities.

CANARY CALL

A phone-in hosted by Neil Adams and Matthew Gudgin on BBC Radio Norfolk after each Norwich City Football Club match.

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