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

CONTINUOUS OPERATIONS

The way a business manages their system without disrupting their services or delivery. A computer program is often used for this purpose. If the company handles data or communication needs it must

CONTINUOUS PROCESS

A process that uses constant production to get an end product or service. It goes on 24/7 to keep up with demand.

CONTINUOUS TONE

When an images colors blend smoothly. The look of distinct areas is gone leaving a merged image. A camera does this but the digital photos do not. AKA contone.

CONTINUUM

A set of values with differences that are too small to be measured.

CONTRA ACCOUNT

1.An account that is used to offset an associated account. 2. An account that offsets another with credit. 3. An account used to offset liability for another.

CONTRA DEAL

When two entities trade merchandise or favors without using any money.

CONTRA ENTRY

A debit or credit entry made in the books to balance an earlier event.

CONTRA MARKET STOCK

An opposing movement of a stock compared to the general market such as an electric company stock increasing in value during a recession.

CONTRACT ACTION

Any agreement, either written or oral, that changes a contract. AKA contracting action or contracting activity.

CONTRACT ADDENDUM

A detailed description of all changes made to a contract that have been decided upon by both parties.

CONTRACT ADMINISTRATION

Administrative functions related to dealing with contracts, like 1) request to bid, 2) evaluating bid, 3) allotment of contract, 4) Implementing contract, 5) measuring completed work, and 6) computing payments. It also

CONTRACT AUTHORITY

Administrative budge agency that empowers a government bureau to receive duty before the related annexation has been cleared or to go pass an already approved annexation.

CONTRACT BUDGET BASELINE

Percentage of the agreed contract price and the calculated expense of the non-priced but allowed changes.

CONTRACT CATEGORIES

Two elementary kinds (families) of deals are 1) price reimbursement deal and 2) fixed cost deal.

CONTRACT CEILING

Sum agreed upon during deal dialogues, outside which the main (customer or project proprietor) has no duty to pay.

CONTRACT CHANGE AUTHORIZATION (CCA)

Interim papers provided by a main (client) to address adjustments or other commands realted to a deal. It is supposed to be substituted naturally by an additional acknowledgement or other authoritative document.

CONTRACT CHANGE PROPOSAL (CCP)

Document provided by a main (client) for effecting adjustments to the ambit of work (not of specifications or requirements) of a deal

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