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

Category: C

COLLECTION

1. In General, this is a process for recovering delinquent amounts owed to a firm by a customer. 2. In Banking: this is the (1). presenting a check or draft as payment,

COMMODITY EXCHANGE

A marketplace where the titles to commodoties are traded. They are examined and graded and sold before their expiration date at close out rates. There are metal, fuel, soft, and currency commodities.

COMMUTED VALUE

The money set aside for the interest rates to cover pension funds in the future. With lower interest you set more aside. Vice Versa.

COMPANY ORIENTATION

The employees first experience in the new job. They are taught history, values, and goals for their new place of employment. They are also educated about the market and products offered. Rules

COMPARISON PRICING

The way a selling price is decided. The other brands are compared to make this figure.

COMPLEX CHOOSER OPTION

An OVERTHECOUNTER COMPLEX OPTION that permits the buyer to choose between an underlying CALL OPTION (with a certain STRIKE PRICE and maturity) and an underlying PUT OPTION (with a different strike and

COMPOSITE

Anything made up of many parts that are needed to work as a whole but still keep their individual identity.

COMPRESSED NATURAL GAS (CNG)

A fuel used by an internal combustion engine that produces minimum hydrocarbon, however a high nitrogen oxide output that is contained at a pressure between 3,000 to 3,600 pounds per square inch

CONCURRENT CAUSATION

Loss that occurs when two events or more come together. One event may be covered by insurance while another isn’t.

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