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

CONDOMINIUM DECLARATION

The document filed in a state or country the condo is in. It establishes the project and airspace by ownership.

CONDOMINIUM FEE

A fee charged monthly by the owners association for condos. The maintenance and security is in this fee. The amount is set by the association and the expenses.

CONDOR SPREAD

A COMPOUND OPTION STRATEGY designed to take advantage of VOLATILITY. Condors are created with the same ratio of PUT OPTIONS or CALL OPTIONS (i.e., one low STRIKE PRICE, one middle low strike,

CONDUCT

Behavior that an shows in reactions and inaction.

CONDUIT

A party that buys a mortgage backed security from the third party to resell later. It makes the sale more profitable. It’s used if the borrower can’t get the loan due to

CONDUIT APPROACH

Preparing taxes that lets deductions, income, and claims pass from one to another. It prevents double taxes.

CONFERENCE BOARD

A business that doesn’t profit but only researches Australia, France, Germany, Japan, Korea, Mexico, Spain, and the US. The data is used by all countries and remains neutral.

CONFERENCE CALL

A conference on the web for a company’s employees. It is a call system from company to company. The quarterly performance is reported and then a question and answer section is started.

CONFERENCE CENTER

A hotel that hots conferences and seminars. It has office facilty and leisure activities.

CONFIRMATION BIAS

Filtering information to suite a preference and reject the rest. Refer to cognitive bias.

CONFIRMED RESERVATION

A statement written from a place of service. They will honor the arrangements made. A written agreement is binding but an oral one is not. A hotel or rental car uses this.

CONFIRMING HOUSE

A firm that acts as an agent in the exporter’s country for an importer. It pays the invoice eliminating credit risk.

CONFLICT

Friction that happens when incompatible parties or differences.

CONFLICT OF INTEREST

1. a situation that can undermine a person due to self interest and public interest. 2. a situation when parties discharge responsibility to a third party.

CONFLICT OF LAWS

A disagreement among nations or legal codes and different jurisdictions.

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