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

Category: C

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.

CONDO HOTEL

A hotel thats a highrise with condo units in it. They are sold to parties for personal use as rental. It is a vacation hotel when its not occupied.

CONFIRMED RESERVATION

A statement written from a place of service. They will honor the arrangements made. A written agreement is binding but an oral one is not. A hotel or rental car uses this.

CONNEXITY

The relationship between individuals, machines, and global networks.

CONSTRUCTED KNOWLEDGE

Information found when researching and questioning what is available. The knowledge is created through investigation.

CONSULTING

Providing expert knowledge to another party for a fee.This is done when a company needs another opinion on an issue.

CONTESTABLE PERIOD

The time when a contact is valid to be challenged. For insurance its two years.

CONTINUING EDUCATION PROGRAM

Any lecture, course, seminar, webinar or program that is made to educate a party. It is meant to give skills or information needed in their work. New advances and expertise is learned.

CONTRACT FINANCING PAYMENTS

Money given to a contractee from a contractor for the purpose of making payments like advance, interim, performance payments, advancement payments, or/and other similar payments

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