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

Category: C

CONSUMER

1. the buyer of a good or service. 2. a user that is not using the product but reselling it. Refer to customer.

CONTINUITIES

Elements that do not change over time from one period to the next.

CONTRACT ADDENDUM

A detailed description of all changes made to a contract that have been decided upon by both parties.

CONTRACT FOR SERVICE

Deal for a work taken upon by anyone who is self employed. He or she is free to employ others to complete the job, he or she will be the only one

CONTRACT OF EMPLOYMENT

Verbal or scripted, implied or expressed, contract detailing terms or conditions based on which a worker agrees to perform specific duties as guided and commanded by the employer, for an accorded salary

CONTRACT TERMINATION

Negation of an entire deal or its most important portion. Negation of a part of work is known as partial termination.

CONVEXITY

A mathematical measure that quantifies the sensitivity of an ASSET to large changes in price or YIELD. In OPTION contracts convexity (commonly termed GAMMA) measures the change in DELTA for a change

CO-SIGN

To jointly sign and endorse. A co-signer of a loan is liable for paying back the debt if the other individuals fail to do so. Co-signing is a way for someone with

CRAMDOWN

A process where creditors with existing CREDIT RISK to a company that has filed a REORGANIZATION plan under BANKRUPTCY protection choose not to participate in the new plan and have their interests

CURE PERIOD

A time frame of 30 to 90 days during which a company that has gone into technical DEFAULT on a contractual payment is permitted to submit payment without further prejudice, and without

CYBERLAW

An evolving area or law that is applies to computers and the various activities over the internet and networks.

CABLE MODEM

A type of modem that connects a computer or local network to broadband Internet service through the same cable that supplies cable television service or the service connection made via a cable

CALL

Shout out or chant (the steps and figures) to people performing a square dance or country dance, cry out to (someone) in order to summon them or attract their attention or summon

CALL ON A PUT

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

CALL-BACK PAY

Payments due an employee due to contacting the employee at a time other than the employee’s regular work schedule and requesting the employee to report for work and be ready to perform

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