Business Letters Index
Commercial Terms starting with C.
Capital : It is the sum of money employed by a person or a company in a business undertaking. It is also principal of a loan/Investment.
Call Loan : Money loaned payable on call or demand. Such loans are secured by securities as these can be readily sold if the money is not paid. The limit allowed for payment before selling the securities is 24 hours.
Cash Discount : A discount allowed for payment for a debt in advance.
Charter Party : A document, which sets forth the agreement between parties in hiring a ship of a voyage or for a period.
Cheque : It is a bill of exchange drawn on a bank payable on demand.
Bearer Cheque : It is made payable to payee on demand.
Order Cheque : It is made payable to payee on order
Crossed cheque : It is made payable to payee on order.
Post-dated Cheque : It is one in which the date inserted is a future one. In other words, it is not encashable on the date of its issue. But encashable only on the date mentioned.
Stale cheque : It is one that has not been presented for payment within reasonable time.
Circular note : A letter of credit issued by a bank to clients enabling the holders to obtain payment at various places abroad.
Closing price : The price at which the last sale on an organized market is made on a particular day.
Commission : It is the remuneration paid to an agent for carrying through transaction or introducing business.
Common carrier : A transportation agency operating under a certificate from the government, which requires the carrier to serve all people.
Company : It is an association of persons combined for purpose of profit, and contributing to a common capital.
Consignment : A form of bailment in which one party sends goods to another party for sale
Contract : An agreement between two or more parties for a legal purpose and supported by consideration.
Cover : Money deposited as security against possible loss.
Cover note : A document issued by insurer giving temporary insurance cover pending the issue of a formal insurance policy.
Credit : Ability to secure goods or services in the present against the promise to pay for them in the future. In accounting, the credit side of the account is one in which receipts are entered.
Credit Bill : A bill of exchange where the debtor has arranged in advance for credit with the drawee.
Credit Note : It is a form, which gives the detail of reduction, or rebate from an already rendered account are given.
Customs Duties : These are the taxes levied by the Government on certain imported and exported goods.
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