The Law Dictionary

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

Category: C

CONGESTION PRICING

Installing fee strucures for motor ways during high traffic. It is based on supply and demand but used in urban areas through electronic systems.

CONSEQUENTLY

Anything that occurs due to a previous event. Refer to subsequently.

CONSPICUOUS CONSUMPTION

A luxury spending that is targeted for psychologial craving or status. Thorstein Bunde Veblen first used the term.

CONSTRAINING FACTOR

An element that limits a product. It can be material shortage, labor shortage, or not enough workspace.

CONSTRUCTION LOAN

A 3 year mortgage on property. It covers land development and any buildings placed on the property. The funds are given as needed, at phase end, on schedule, or when a specific

CONSTRUCTIVE NOTICE

1.knowledge that can be acquired by normal means. 2. news about court actions that is sufficient for all parties involved. Refer to actual notive and implied notice.

CONSULTING

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

CONSUMER FINANCIAL PROTECTION AGENCY (CFPA)

An agency started by the Wall Street Reform and the Consumer Protection Act that enforces laws to protect the industry. All transactions are required to fit the purview of the act.

CONSUMER PROTECTION LAWS

A rule in place to keep the customer’s rights safe, increase the product availability, and prevent deception.

CONSUMPTION EXPENDITURE

The expense incurred from using a good. It is different than the loss occured from making an item or service.

CONTINGENCY TESTING

Further testing to see the unexpected loss and risks without actually failng or losing profits.

CONTINGENT INTEREST

A certain advantage that only occurs when an event happens that is written in a contract.

CONTINUATION

A work of an author that is intended to finish an unfinished piece. It can be a series of several works.

CONTRACT BUDGET BASELINE

Percentage of the agreed contract price and the calculated expense of the non-priced but allowed changes.

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