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

Category: Finance Dictionary

CONCERN

An all-encompassing word that describes all for profit and non-profit organizations.

CONDITION SUBSEQUENT

A rule in a contract that allows interest to be defeated if a specific event occurs or doesn’t occur. Refer to conditions concurrent and condition precedent.

CONDUCT

Behavior that an shows in reactions and inaction.

CONFLICT OF LAWS

A disagreement among nations or legal codes and different jurisdictions.

CONJOINT ANALYSIS

Research where customers trade off between two products. The most and least preferred analysis is used to evaulate the price an item should be.

CONSENSUAL

A contract that can be oral or written and is agreed to by the parties involved.

CONSISTENCY PRINCIPLE

The idea that once an accounting method is chosen it is followed until the end. If a change is made it must be disclosed and explained. AKA consistency concept. Refer to accounting

CONSTANT VALUE ACCOUNTING

Accounting that displays funds in the same currency rate without inflation to keep comparison easy. AKA constant cost accounting or constant dollar accounting. Refer to in real terms.

CONSUMER LOAN

The money borrowed to a party for their own purposes. The government monitors these loans to protect the consumer and their regulations. AKA comsumer credit or consumer lending.

CONTAINERIZATION

Moving cargo in containers with equipment but there are is no rehandling.

CONTINGENCY TAX

A single event that the government taxes for an economic issue. It can do this for natural distasters, import excess, and recovery.

CONTRACT BUDGET BASELINE

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

CONTRACT HOLDER

A person or a firm designated as the proprietor of a financial liability or money which is expected to be received (as a return) at a later date. The deal holder gets

CONTRACT UNIT

The amount of the fundamental asset presented through a derivatives deal. For example, the unit of a fold contract signifies 100 ounces of gold. Also known as Trading Unit.

CONTRARIAN

An investor or a plunger who does not act as per conventional wisdom: the person is a pessimist in comparison, to others who are optimist or vice versa. Contrarian ideology is established

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