Finance

Community of Interest It refers to a group of persons having stakes or interests in something. It is a common grievance, interest, or other similarities…

Circular Cheque A cheque issued by a bank to its agents or branch abroad is called a circular cheque. In banking, it is a document…

Certificate of Origin A Certificate of Origin or CO is a document that indicates where a product came from. The certificate describing the place of…

Clearing House is an intermediary between buyers and sellers of financial instruments. In the course of daily transactions, each bank has to receive a number…

Charter Party A charter party is a document of a contract between a shipowner and a shipper. It is a deed between a shipowner and…

Chamber of Commerce A chamber of commerce is a voluntary non-trading association of people engaged in practical commerce and industry of the country. It is…

Market value added (MVA) is the difference between the current market value of a firm and the capital contributed by investors. It is a calculation…

Certificate of Incorporation Certificate of Incorporation is a legal document relating to the formation of a company or corporation. It is a document that is…

Caveat Emptor This is a general law applied to the sale of goods. It is a Latin term meaning “let the seller beware,” in contrast to…

Cause Proxima This Latin phrase meaning the proximate cause is used in case of Marine loss. It is an act, whether intentional or negligent, that…

Cash Discount It is a rebate or an allowance from the invoice price allowed’ by the seller when payment is made in cash immediately after…

Cash Credit This is an arrangement under which a customer is allowed by the bank to overdraw his current account, up to a certain specified…