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

Category: C

CONFORMIT

A mark that shows conformity with directives of the EU. It started in 1993. It is a mark showing it can do industrial work.

CONJUNCTIVITIS

When the conjunctiva swells and becomes red. Discharge leaks out. This is caused by chemical exposure.

CONSENSUS-BASED FORECAST

A forecast that uses previous forecasts. All are given equal weight as are their assumptions. It is a broad estimate. Refer to delphi method.

CONSOLIDATED EXPENDITURE

The total governmental spending for a year. It can include funds transferred other agencies and made by other governments.

CONSULAR DECLARATION

A document that describes the goods being shipped and their value according to the exporting country.

CONSUMERISM

1. efforts of parties to protect the consumer from contracts that would take away their rights in business. 2. the idea that using more goods is a sign of a strong economy.

CONTAMINANT

A substance that can harm living organisms. It is passed through air, water, soil, and food.

CONTINGENT CREDIT RISK

The RISK of loss arising from a potential CREDIT RISK exposure that may appear in the future, such as drawdown on a REVOLVING CREDIT FACILITY or payment under a GUARANTEE or LETTER

CONTINUOUS PROCESS

A process that uses constant production to get an end product or service. It goes on 24/7 to keep up with demand.

CONTRACT CHANGE AUTHORIZATION (CCA)

Interim papers provided by a main (client) to address adjustments or other commands realted to a deal. It is supposed to be substituted naturally by an additional acknowledgement or other authoritative document.

CONTRACT LOGISTICS

Planning, execution, and command of provision mechanism provided by a third party through a deal.

CONTRACT PERIOD

The count of calendar days (or working days), from a particular starting date to a given completion date, as given in a deal. Also known as contract time.

CONTRIBUTION PRICING

Method of calculating the selling price of a product so that it can at least add to the product

CORE INFLATION

A measure of INFLATION at the consumer level, excluding certain items such as food and oil. See also CONSUMER PRICE INDEX, HARMONIZED INDEX OF CONSUMER PRICES, RETAIL PRICE INDEX.

CO-TENANCY

A clause in some retail space lease agreements that entitles a tenant to a decrease in the amount of rent payments if a specified other tenant leaves the location. This is a

CROSS GUARANTEE

A GUARANTEE provided by one company to another company that is often related, such as a subsidiary or joint venture, and a reciprocal guarantee provided in the opposite direction. Cross guarantees may

CUSTODIAN

An AGENT that performs various duties on behalf of a client, including holding securities in safe CUSTODY, executing financial transactions under specific instructions, and collecting periodic CASH FLOWS from investments.

CYCLIC VARIATION

When the economy changes due to a recurring cause. It can be seasonal or follow a business.

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