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

Category: C

COMPLETION UNDERTAKING

When two companies agree to help each other finish a project and absorb the risk of loss that will occur. They make sure it’s done and that profit is made.

COMPLIANCE TEST

A test done to show a firm follows the rules of practice. Refer to substantice test.

COMPUTER

A machine with digital circuites that uses data and performs functions based on instructions.

CONCEPT OPTIMIZATION

The product development stage when consumers are surveyed regarding the best features of a new merchandise idea.

CONCORD

An agreement among parties. AKA concordance. Refer to concordat.

CONGESTION

The time of trading that happens at a narrow time without change in price. REfer to flat market and trading range.

CONNECTION

1. when passengers have to transfer to another transport. 2. hooking up a utility or internet connection.

CONSEQUENTIAL LOSS POLICY

Policy that covers against indirect loss and property damage. It covers accidents and is sold with regular policies to help prevent further loss.

CONSORTIUM BANK

A form of MERCHANT BANK, popular in the EUROMARKETS during the 1970s and 1980s, jointly owned by several large international BANKS. Consortium banks were typically active in international LOAN origination and SYNDICATION,

CONTENT PROVIDER

A business that gives graphics and text for articles. It is used for publications or a website to make it catch the eye of the reader.

CONTRA ENTRY

A debit or credit entry made in the books to balance an earlier event.

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