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

Category: C

CONSTITUENT COMPANY

A company thats part of group. It is under the rule of a parent company. It is acquired to meet needs of a group.

CONSULAR FEE

A fee charged for a visa or other international document.

CONTEMPT OF COURT

The act of demeaning the court, preventig justice adminstration, or disobeying a sentence of the court. It is criminal and can lead to fines or imprisonment.

CONTINGENT GUARANTEE

A promise to pay if the terms of a contract are met in the future. Its used to prevent loss when working with a party that may default.

CONTINUUM

A set of values with differences that are too small to be measured.

CONTRACT CHANGE PROPOSAL (CCP)

Document provided by a main (client) for effecting adjustments to the ambit of work (not of specifications or requirements) of a deal

CONTRACT MANAGEMENT

Administrative functions related to dealing with contracts, like 1) request to bid, 2) evaluating bid, 3) allotment of contract, 4) Implementing contract, 5) measuring completed work, and 6) computing payments. It also

CONTRACTING PARTY

Person who gets into a obligatory contract with one (or more) dealing parties and hence accepts the profits and responsibilities provided in it. For a deal to be legit, all dealing parties

CONTROL RIGHT

The legal entitlements granted to an investor holding a share of COMMON STOCK, including the right to transfer shares, receive regular and accurate financial disclosure, vote on specific issues at the company

CORPORATE CHARTER

An authorizing document issued by a government or legal authority that delineates the activities a CORPORATION is permitted to undertake. See also ARTICLES OF INCORPORATION.

COUNTERPARTY

An institution that is a party to a financial transaction with CREDIT RISK, such as a LOAN, DERIVATIVE, or financing.

CROSS SHAREHOLDING

Minority stakes held by two companies in each other; this is often done to help strengthen long  term business relationships, and is particularly prevalent in RELATIONSHIP MODEL countries such as Germany and

CUT OFF

A rule for reinsurance that the reinsurer is not liable for losses after the termination date.

CYCLICAL INDUSTRY

An industry that follows economic cycle. It profits in good times and declines in a recession. Health care is not an example of this type of business.

CALCULATE

Determine (the amount or number of something) mathematically or include as an essential element in one’s plans.

CALL IN

A radio or television program during which the listeners or viewers telephone the studio and participate.

CALL PROCESSING

In telecommunication, the term call processing has the following meanings: # The sequence of operations performed by a switching system from the acceptance of an incoming call through the final disposition of

CAMELS RATING SYSTEM

It is a tool being used by the United States government in response to the global financial crisis of 2008 to help it decide which banks to provide special help for and

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