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

COMPLETION TEST

Evaluation of a project that meets design, is performed as planned, and make profits as expected. It becomes nonrecorse financing at this point.

COMPLETION UNDERTAKING

When two companies agree to help each other finish a project and absorb the risk of loss that will occur. They make sure it’s done and that profit is made.

COMPLEX

1. a group of close buildings or a building. 2. a compound that occurs when nonmetal bond to metals.3. a syndrome or disorder.

COMPLEX CHOOSER OPTION

An OVERTHECOUNTER COMPLEX OPTION that permits the buyer to choose between an underlying CALL OPTION (with a certain STRIKE PRICE and maturity) and an underlying PUT OPTION (with a different strike and

COMPLEX OPTION

A conventional OPTION that is modified with respect to time, price, and/or payoff to produce unique RISK MANAGEMENT, investment, or speculative results. Certain complex options have risky payout profiles/LIABILITIES and demand considerable

COMPLEX STRUCTURED PRODUCT

A CAPITAL MARKETS financing instrument, such as a BOND or NOTE, that contains embedded COMPLEX OPTIONS or COMPLEX SWAPS that alter RISK and return/YIELD characteristics in unique ways. Since complex structured products

COMPLEX SWAP

An OVERTHECOUNTER SWAP that is modified with respect to time, price, NOTIONAL principal, and/or payoff to produce unique RISK MANAGEMENT, investment, or speculative results. Certain complex swaps have risky payout profiles/LIABILITIES and

COMPLEX SYSTEM

A system of many parts that are related. It is not a simple system and requires more than one level of description. The properties are the result of the combination.

COMPLEXITY

1.the number of math steps to get the answer. Refer to computability theory. 2. having many complicated parts that are linked. It can be related to people and their effect on the

COMPLEXITY FACTOR

A number that shows the level of complexity to any situation. It comes from the parts, type of connections, unknowns, and uncertainty.

COMPLEXITY THEORY

Ideas that try to explain complex happenings in traditional ways. It integrates many theories to do this. It tries to get complex behavior into simple rules and connections.

COMPLIANCE

A confirmation that a manufacturere can do what they say they can according to the rules and standards required by a contract. Refer to conformance.

COMPLIANCE AUDIT

An audit done to see if a firm is following the agreement terms and rules. Refer to compliance test.

COMPLIANCE TEST

A test done to show a firm follows the rules of practice. Refer to substantice test.

COMPLIANT

A party that has done its part of a contract or requirements.

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