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

Category: C

COMMON RESOURCE

A resource that creates benefits. Overuse of these resources is bad.

COMPANION FARE

An airfare for a second ticket that is discounted. AKA comp fare.

COMPARABILITY ANALYSIS

Taking two or more products and placing them side by side. If they are common enough they will be considered comparable.

COMPENSATING BALANCES PLAN

A plan that pays premiums to the insurance company. It is deposited into an account with the insured persons name. It can be withdrawn.

COMPLETION BOND

A fund set up for companies with schedules to finish but don’t have the funds to finish. Both building and entertainment industries are on these types of bonds.

COMPLIANCE

A confirmation that a manufacturere can do what they say they can according to the rules and standards required by a contract. Refer to conformance.

CONCENTRATOR

A computer network with many ports that can bridge and route services on many networks.

CONCESSIONALITY

The difference in return for a lender between a below market rate loan – or soft loan – and a full market rate loan.

CONDITIONS CONCURRENT

A dependent condition of a contract that has to be done by all parties. Refer to condition precedent and condition subsequent.

CONFERENCE BOARD

A business that doesn’t profit but only researches Australia, France, Germany, Japan, Korea, Mexico, Spain, and the US. The data is used by all countries and remains neutral.

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.

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