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

Category: C

COEFFICIENT OF UTILIZATION (CU)

Effectiveness of an electric, incandescent lamp in delivering light, measured. Highly efficient lighting fixtures measure CU worths above 0.9, while inefficient ones typically measure between 0.2 and 0.4 CU.

COINCIDENT INDICATORS

Market indicators that are both economic and financial and tend to move in locked-step with (1). trends such as general economics and gross domestic product (GDP), or employment levels, or retail sales,

COLLABORATIVE FILTERING

Software analysis of a customer’s profiles and buying patterns employed more commonly in online commerce. A method of up-selling using automated processes. The process leads to offer to the customers of other

COMBAT PAY

Compensation paid to members of the armed forces on active duty in a designated combat zone or hazardous duty area that is additional and tax-free. Active duty pay, dislocation allowances, reenlistment bonuses,

COMMODITIZATION

When manufactured goods are not differentiated. This leads to thin margins and selling by price. The goods are standardized and cheaper.

COMMON ENEMY DOCTRINE

A law that a property owner can take action to protect their property from damage despite any damage to their neighboring property.

COMMUNITY BANK

A bank owned by the local community. There is no national presence and are found in the locality that runs them. They are independent institutions.

COMPARATIVE RISK

Taking two or more risks and placing them on a scale with quantitative analysis and qualitiative analysis to see which is greater.

COMPETITIVE BID

A BID submitted in an AUCTION MARKET process that is placed in direct competition with other bids, meaning it will only be filled if it ranks at, or near, the highest price/lowest

COMPETITIVE RANGE

A range or bids used for minimum requirements. Anything outside this range is not taken seriously.

COMPLIANT DOCUMENTS

A bill of lading and other important documents that is needed to get a letter of credit.

COMPUTER MODELING

Taking abstract math and making computer simulations. AKA computer simulation.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.