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

Category: C

CONSUMER BUYING BEHAVIOR

How a party searches for and uses a good or service. It is done to fulfill a need. Refer to consumer decision making.

CONTINGENCY INSURANCE

1. insurance taken out to cover expenses not covered by a primary plan. 2. insurance for remote risks that the primary policy is slow to cover.

CONTINUITY PROGRAM

A strategy that lets the seller uses a promotion to get customers they don’t have and keep the ones they do have.

CONTRACT AUTHORITY

Administrative budge agency that empowers a government bureau to receive duty before the related annexation has been cleared or to go pass an already approved annexation.

CONTRACT HIRE

Kind of vehicle renting in which the renting company undertakes sustenance and restoration of the automobile and provides other related services (like offering a substitute vehicle), when a fixed fee is payed.

CONTRACT OF INDEMNITY

Kind of insurance policy (like insurance of property but not accident or personal insurance) which only gets back the insured persons to their actual financial standing. They cannot benefit from it.

CONTRACT UNDER-RUN

Surplus of the actual deal price over the concluding price of a deal (includes remedial work and allowed changes).

COOLING OFF PERIOD

In the US markets, the period between the filing of a final PROSPECTUS and the offering of a NEW ISSUE of securities to public investors. The cooling off period is typically 20

COST INFLATION

INFLATION that results from increased costs of production, including raw materials and labor. Higher production costs are priced into goods and services, leading labor to demand higher wages to meet the higher

CREDIT RESERVE

A contra account that is used to fund EXPECTED CREDIT LOSSES. Reserves are established by deducting required amounts from operating revenues or current income, and are used when a COUNTERPARTY ceases to

CYCLE BILLING

An invoice practice where credit customers ar billed daily instead of monthly.

CACHE

A collection of items of the same type stored in a hidden or inaccessible place or a hidden or inaccessible storage place for valuables, provisions, or ammunition.

CALL CENTER

An office set up to handle a large volume of telephone calls, esp. for taking orders and providing customer service.

CALL ON THE WORST OF N-ASSETS

An OVERTHECOUNTER COMPLEX OPTION that grants the buyer a payoff based on the difference between a predefined STRIKE PRICE and the worst performing ASSET in a PORTFOLIO. See also CALL ON THE

CALLING PARTY PAYS (CPP)

A billing method in which a wireless phone caller pays only for making calls and not for receiving them. The standard American billing system requires wireless phone customers to pay for all

CANCELLABLE SWAP

An OVERTHECOUNTER SWAP structure that gives either party involved in the swap the OPTION to terminate the transaction at a future date. See also CALLABLE SWAP, PUTABLE SWAP.

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