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

COMPANION BOND

A TRANCHE of a COLLATERALIZED MORTGAGE OBLIGATION that accompanies PLANNED AMORTIZATION CLASS (PAC) BONDS and TARGETED AMORTIZATION CLASS (TAC) BONDS. The companion serves to absorb PREPAYMENT RISK, giving PACs and TACs greater

COMPANION FARE

An airfare for a second ticket that is discounted. AKA comp fare.

COMPANION ROOM

Complimentary rooms to guests based on the rooms bought by a group. AKA comp room.

COMPANY CODE

The software used to identify a business. It is decided based on tax laws, commercial laws, and financial criteria. It can be a dependent or independent.

COMPANY CREED

A business’s mission statement that states its philosophy.

COMPANY DIRECTOR

An elected member on the board of directors. They are responsible for policy but do not have to be a share holder or employee. The decisions made are based on meetings and

COMPANY LAW

The law that a company runs itself by. It is the standards and how they reach their goals.

COMPANY NAME

The legal name of a firm. It is on all the documents and payment that are made to the company. AKA corporate name.

COMPANY ORIENTATION

The employees first experience in the new job. They are taught history, values, and goals for their new place of employment. They are also educated about the market and products offered. Rules

COMPANY PROFILE

A description of the firms history, resources, structure, performance, and reputation.

COMPANY RISK

The risk that occurs due to the operation process due to both internal and external factors. The risks must be covered by the investors.

COMPANY SEAL

A stamp or embossed emblem that represents the company and its legal name. It shows authorization and can be made of rubber or metal.

COMPANY SECRETARY

An officer that the directors appoint to handle legal issues and legislation. They must set up meetings, record minutes, keep records, make payments, and draft contracts. This is the officer that does

COMPANY SHAREHOLDINGS

The legal power that stock holders have in relation to the amount of shares they own. You must have 15% or more to have legal rights. 50% or more allows you to

COMPANY UNION

A union that is fake. The employer can prevent the organization of a real union. AKA house union.

COMPARABILITY ANALYSIS

Taking two or more products and placing them side by side. If they are common enough they will be considered comparable.

COMPARABLE WORTH

The idea that jobs that need an employee to have the same skill set should be paid the same.

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