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

Category: Finance Dictionary

COMPENSATION COMMITTEE

A group that evaluates the pay and sets it for the senior level employees. The community might be involved. Goals, and awards might also be considered by a committee.

COMPETITIVE ANALYSIS

Comparing the performance of a firm and its compeition to find the reason for the difference.

COMPETITIVE PRODUCT

An asset sold that can make a profit based on price, quality, and sevice. It is better than what is already out there.

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,

CONSULTANT

A professional that has expertise requested for a fee. They work as an advisor but is not responsible for the outcome. Some changes have been made based on the information presented.

CONTAGIOUS

A disease that is infectious. It can be by indirect or direct contact. Not all are contagious and require a special transmission method.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.