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

Category: Finance Dictionary

CONSENSUS FORECAST

A forecast that different departments add their forecast to, to reflect all levels of management.

CONSOL

Abbreviated form of Consolidated Fund Annuities, representing PERPETUAL DEBT issued by the UK government as part of its GILT program. Consols, which form part of the government

CONSTANT-COST INDUSTRY

An industry where units are of comperable cost regardless of volume or growth potential. Input costs don’t go up when demand does in this case.

CONSTRUCTIVISM

Teaching idea that considers learning what happens in the students brain based on their own thoughts being related to a new experience. They each make their own models of the world to

CONTAINMENT

Preventing the consequences of a bad event in a company.

CONTINGENT COMMISSION

Charging commission based on profit from reinsurance. The ceding company gets this plus the normal commission.

CONTINUOUS OPERATIONS

The way a business manages their system without disrupting their services or delivery. A computer program is often used for this purpose. If the company handles data or communication needs it must

CONTRACT CEILING

Sum agreed upon during deal dialogues, outside which the main (customer or project proprietor) has no duty to pay.

CONTRACT LINE ITEM

Procurement article conclusively specified in a request for bids or IFB paper. The bidder is expected to give separate pricing for this item. Deals for line articles may, under the conditions of

CONTRACT OWNER

An entity or a person who grants a deal for an assignment and takes the responsibility of paying the contractor. Also known as principal, client, contractee or owner (project

CONTRACT YEAR

Contract year is the amount of time between the effective date and the expiration date.

CONTRIBUTION FORMULA

A formula which shows the amount an employer would pay for any plan of profit sharing. This formula could also be used for plan related to purchasing money.

BAIL BOND

When collateral is used to keep a defendant out of jail before the hearing. It’s a precent of the total bond. It is taken if the person does not appear in court.

B CHANNEL

A channel for second quality goods to be sold. Some of the goods were simply returned.

BACKBONE

The biggest network pipe with the most data traffic. It connects the main server and devices on the network. The size of the backbone is based on the needs of the company.

BACKLOAD

A load carried by a truck that is does not pay.

BAGEL LAND

Stock that will be worth less than a dollar. It is held on to to see if the value will raise.

BARGE

A boat that is flat. It travels canals and rivers. It is uncovered and can be pushed or towed.

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