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

Category: C

COMPANY CODE

The software used to identify a business. It is decided based on tax laws, commercial laws, and financial criteria. It can be a dependent or independent.

COMPARATIVE ADVANTAGE

The idea that a country should make products that can be made cheaply and efficiently. Each country has its own special assets and resources that can benefit their trade partners.

COMPENSATING ERROR

An error in accounting that is fixed by another error. They are hard to find. Sometimes they are done on purpose.

COMPETITIVE

An offer that is just as good as what else is out there and is an attractive buy.

COMPLACENT

The state of being unmotivated to move position or attitude.

COMPLIANCE AUDIT

An audit done to see if a firm is following the agreement terms and rules. Refer to compliance test.

COMPREHENSIVE HEALTH INSURANCE

A policy that totally covers health realted charges incurred from a stay in a hospital or a doctor’s visit post deductible and coinsurance payments.

COMPUTATIONALLY SECURE

When a computer is unable to decipher a code within a certain amount of time the code is considered secure.

CONCEPT

1. a short clear statement in an ad. 2. a clear description of the product to get customers attention. 3. the strategy behind an idea.

CONCESSIONARY FARE

Lower prices for members of the armed forces, vets, and other groups for airfare and hotel rooms.

CONDITIONS OF CARRIAGE

Rules that are specified that all shippers and passengers must pay. The rights cover space, damage, loss, injury, and death. It is governed by Hague rules. AKA terms and conditions of carriage.

CONNECTING FLIGHT

A flight that makes passengers change from one airline to another in the middle of the journey.

CONSORTIA

1. when firms agree to cross own assets. It is called Keiretsu in Japan. Refer to chaebol and zaibatsu. 2. the plural form of consortium.

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