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

Category: C

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

COMMERCIAL UNIT

The amount an item can be sold as a single unit. The character of the item must remain uniform and remain usefull as well. Or the amount or unit of measurement.

COMMON CARRIER

1.a company offering services to the public over wires or satelite systems. 2. a transporter that serves all public, follows a schedule, carries specified cargo, and is the carrier of the contract

COMPANY UNION

A union that is fake. The employer can prevent the organization of a real union. AKA house union.

COMPENSATING BALANCE

A noninterestbearing demand DEPOSIT placed by a customer with a BANK to compensate for LOANS or other services granted.

COMPETITIVE INTELLIGENCE

Constantly checking the firm’s market for competitors, activites, affect, and the response. It is legal and uses information free to the public.

COMPETITOR

Any party that is a rival. It can be a company. It helps keep prices low and products efficient.

COMPLEXITY FACTOR

A number that shows the level of complexity to any situation. It comes from the parts, type of connections, unknowns, and uncertainty.

COMPRADORE

An agent from a foreign firm that acts for their country for a buyer.

CONCENTRATION RISK

The RISK of loss arising from a large position in a single ASSET or market exposure. An excessive concentration can give rise to LIQUIDITY RISK or MARKET RISK losses.

CONCERTED ACTION

Activity performed by parties for their benefit that have agreed to jointly hold responsibility for any outcome, positive or negative.

CONDITIONAL BILL OF SALE

The ownership of an asset is given to secure a loan. The mortgagor gets the ownership until the debt is paid. The property can be repossessed by the mortgagor if default occurs.

CONDUIT

A party that buys a mortgage backed security from the third party to resell later. It makes the sale more profitable. It’s used if the borrower can’t get the loan due to

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