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

Category: C

COMMON LAW PROPERTY

The way a spouse’s ownership is decided when a marriage occurs. Joint purchases are kept together but separate ones are kept separate. Should a death or divorce occur it is helpful.

COMPANION BOND

A TRANCHE of a COLLATERALIZED MORTGAGE OBLIGATION that accompanies PLANNED AMORTIZATION CLASS (PAC) BONDS and TARGETED AMORTIZATION CLASS (TAC) BONDS. The companion serves to absorb PREPAYMENT RISK, giving PACs and TACs greater

COMPETITION COMMISSION (CC)

A UK body established in 1998 that ensures antiMONOPOLY and free competition rules are upheld, particularly as related to MERGERS and ACQUISITIONS. The work of the Commission is nonbinding and must be

COMPETITIVE NEGOTIATION

A way to request proposals from contractors. The contract is sent in and negotiations begin. If the bid doesn’t match than another is considered. The process is done when the winner is

COMPETITOR ANALYSIS

Identifying the competitions weakness and strength and using that your firm’s advantage in the market.

COMPLETION

When the project itself repays the loans. Before a contract is done the sponsor is the source of cash flow.

COMPLEXITY THEORY

Ideas that try to explain complex happenings in traditional ways. It integrates many theories to do this. It tries to get complex behavior into simple rules and connections.

COMPREG

Wood that is processed with rsin and compressed to make it stronger. Refer to impreg.

COMPULSORY LIQUIDATION

Refered to as compulsory winding up in the United Kingdom, this is when – on issuance of a court at the request of a companies creditors – a firm’s assets are sold

CONCESSIONAIRE

A business is set up in a location with the understanding of being the only firm offering a particular commodity.

CONDUIT APPROACH

Preparing taxes that lets deductions, income, and claims pass from one to another. It prevents double taxes.

CONFORMING

1.following a standard. 2. filling a contractual obligation

CONJUNCTIVE TASK

A situation where a less productive member of the team holds the rest of them back.

CONSENSUS FORECAST

A forecast that different departments add their forecast to, to reflect all levels of management.

CONSOL

Abbreviated form of Consolidated Fund Annuities, representing PERPETUAL DEBT issued by the UK government as part of its GILT program. Consols, which form part of the government

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