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

COMMERCIAL BLANKET BOND

Coverage for employees the employer must provide. Any loss is covered no matter how many were involved in the loss.

COMMERCIAL CODE

Business laws that apply to the making of financial contracts. It is a Uniform Commercial Code that the U.S. uses commonly. It has 9 articles that deal with a different issue of

COMMERCIAL FRUSTRATION

An event that could not be prevented or predicted. A contract allows one party to leave if such an event occurs without penalty.

COMMERCIAL ORGANIZATION

A company with an asset that is made to create profit. Income left over is given to employees and shareholders. It can also be reinvested.

COMMERCIAL PAPER FUNDING PROGRAM (CPFP)

Created in October 2008 it creates more liquidity on commercial paper market assets. It funds issuers and is back up via the Special Purpose Vehicle. Its goal is to make funding easier

COMMERCIAL RISK

1. Risk a seller assumes when extending credit. 2. risk that is not related to politics.

COMMERCIAL TRADER

How the Commodity Futures Trading Commission describes traders using the futures makret to hedge their activities.

COMMERCIAL UNIT

The amount an item can be sold as a single unit. The character of the item must remain uniform and remain usefull as well. Or the amount or unit of measurement.

COMMINGLING

1. when cash and personal funds are mixed for a firm. The tax authorities find it dangerous and make the offender liable for a firms loss. 2. putting many items together so

COMMISSIONER’S VALUES

A graph of the value securities that the national association of insurance commissioners puts out annually. It shows security values for the company on its balance sheet.

COMMITTED FUNDING

A financing facility provided by a BANK to a borrower, which cannot be withdrawn unless the borrower breaches COVENANTS or other terms of the facility; this means the bank must provide funds

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