the interest that applies to all of the parties that embarking upon or engaged in a common enterprise .
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COMMUNITY OF PRACTICE
A network of peers with shared skills in a profession. Each member is driven to help eachother. AKA community of interest .
COMMUNITY PROPERTY
Community property is property acquired by husband and wife, or either, during marriage, when not acquired as the separate property of cither. In re Lux’s Estate, 114 Cal. 73, 45 […]
COMMUNITY PROPERTY
This term applies to the proprty that is held between a husband and wife and belongs to both of them.
COMMUNITY RELATIONS
How a firm interacts with the people in it.
COMMUTATION
In criminal law . Change; substitution . The substitution of one punishment for another, after conviction of the party subject to it. The change of a punishment from a greater […]
COMMUTATION OF TAXES
Payment of a designated lump sum (permanent or annual) for the privilege of exemptiou from taxes, or the settlement in advance of a specific sum in lieu of an ad […]
COMMUTATION OF TITHES
Signifies the conversion of tithes into a fixed payment in money.
COMMUTATION RIGHT
The right of a beneficiary to accept a lump sum instead of payments.
COMMUTATION TICKET
A railroad ticket giving the holder the right to travel at a certain rate for a limited number of trips (or for an unlimited number within a certain period of […]
COMMUTATIVE AND INDEPENDENT
Commutative contracts are those in which done, given, or promised by one party is considered as an equivalent to or in consideration of done, given, or promised by the other. […]
COMMUTATIVE CONTRACT
the name that is given where each party will receive an equivalent or mutual benefit and obligation .
COMMUTATIVE JUSTICE
See JUSTICE.
COMMUTED VALUE
The money set aside for the interest rates to cover pension funds in the future. With lower interest you set more aside. Vice Versa.
COMMUTER CARRIER
An airline that links to larger ones in bigger cities. It is an affiliate and shares codes with the large chain airline.
COMMUTER TAX
A tax that targets people who must travel to get to their jobs. It is attached to wages to help pay for the resources they use in their commute.
COMPACT
An agreement or contract. Usually applied to conventions between nations or sovereign states. A compact is a mutual consent of parties concerned respecting some property or right that is the […]
COMPACT DISC (CD)
A disc that is recordable on one side. Data is stored on rings that are cut by laser. Up to 700 mb can be stored on it. the Dutch firm […]
COMPACT DISC-INTERACTIVE (CD-I)
Any media that can handle animation, video, and sound. It is played on the computers CDI player or attached to the TV. The manual for this is called the green […]
COMPACT DISC-RECORDABLE (CD-R)
Any media that allows recording of data. It has an extra layer that allows the writing but not erasing. The manual for this is the orange book.
COMPACT DISC-REWRITABLE (CD-RW)
A CD that allows erasing ane rerecording of datat on it.
COMPANIES CLAUSES CONSOLIDATION ACT
An English statute, (8 Vict c. 16,) passed in 1845, which consolidated the clauses of previous laws still remaining in force on the subject of public companies. It is considered […]
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 […]
COMPANION FARE
An airfare for a second ticket that is discounted. AKA comp fare.
COMPANION OF THE GARTER
One of the knights of the Order of the Garter.