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

Category: Finance Dictionary

COMPLACENT

The state of being unmotivated to move position or attitude.

COMPLIANCE AUDIT

An audit done to see if a firm is following the agreement terms and rules. Refer to compliance test.

COMPREHENSIVE HEALTH INSURANCE

A policy that totally covers health realted charges incurred from a stay in a hospital or a doctor’s visit post deductible and coinsurance payments.

COMPUTATIONALLY SECURE

When a computer is unable to decipher a code within a certain amount of time the code is considered secure.

CONCEPT

1. a short clear statement in an ad. 2. a clear description of the product to get customers attention. 3. the strategy behind an idea.

CONCESSIONARY FARE

Lower prices for members of the armed forces, vets, and other groups for airfare and hotel rooms.

CONDITIONS OF CARRIAGE

Rules that are specified that all shippers and passengers must pay. The rights cover space, damage, loss, injury, and death. It is governed by Hague rules. AKA terms and conditions of carriage.

CONNECTING FLIGHT

A flight that makes passengers change from one airline to another in the middle of the journey.

CONSORTIA

1. when firms agree to cross own assets. It is called Keiretsu in Japan. Refer to chaebol and zaibatsu. 2. the plural form of consortium.

CONSTITUENT COMPANY

A company thats part of group. It is under the rule of a parent company. It is acquired to meet needs of a group.

CONSULAR FEE

A fee charged for a visa or other international document.

CONTEMPT OF COURT

The act of demeaning the court, preventig justice adminstration, or disobeying a sentence of the court. It is criminal and can lead to fines or imprisonment.

CONTINGENT GUARANTEE

A promise to pay if the terms of a contract are met in the future. Its used to prevent loss when working with a party that may default.

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