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

COLLISION DEDUCTIBLE

Amount an insured pays out-of-pocket and deducted from an awarded insurance claim. This is typically a fixed sum, or a percentage of the total claim amount set when claiming insurance for a

CO-LOAD

More that one shipment from more than one shipper with the same destination , combined as one load for shipping.

COLOR BALANCE

Relative density or luminance of all colors involved in a multicolored image is about the same with no one color dominating. Characteristic of a multicolor image.

COLUMN

1. Vertically-scoped area, block or section of printed text; separated from other blocks or sections by either a blank space or a fine-ruled line. A construct in a publication such as a

COLUMNAR JOURNAL

Record book of accounting transactions. To facilitate the entry of numbers, the journal is divided into columns.

CO-MAKER

A group of individuals that guarantees a financial commitment, such as repayment of a loan. Each person is jointly and equally liable for honoring the commitment in full. Known also as coguarantor.

CO-MANAGED INVENTORY

A specific quantity of a consumable item is stored at a customer’s premises, under agreement by the customer and owner-seller. The item is replaced, with the consent and knowledge of the customer,

CO-MANAGER

Banks subordinate to a lead manager bank as a part of a syndicated, international bond issue or Eurocredit. They assist the lead manager bank with issuing investment instruments and with the pricing.

COMBAT PAY

Compensation paid to members of the armed forces on active duty in a designated combat zone or hazardous duty area that is additional and tax-free. Active duty pay, dislocation allowances, reenlistment bonuses,

COMBINATION BOND

The monies generated by the project financed by the bond, as well as backed by the ‘full faith and credit’ of the government agency that generated the bond are the remuneration sources

COMBINED BOARD

A variety of board types, such as a combination of corrugated with solid fiberboard, go into making this final type of board.

COMBINED RATIO

A ratio involving loss and expense. It is used in underwriting when the ratio is less than 100%. If the ratio is over 100% than a gain is incurred.

COMFORT LETTER

1. A letter the bank sends offering a short term loan. It is not a formal commitment. 2. When a parent firm send a letter to their children firms to support them

COMFORT ZONE

1. The risk both most and least that a company can absorb. 2.The weather conditions such as humidity, light, temperature, and wind that an employee can do their job in with the

COMMAND LINE

A line that the user can enter a command into to get a response.

COMMERCIAL AND INDUSTRIAL LOAN

When a business gets a loan. They are created to help with working capital or expansion. It is short term and must have collateral.

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.