finance

A closed-end loan is a loan given with a specified date that the debtor must repay the entire loan and interest.

A cognovit, a type of confession of judgment, refers to an acknowledgment or confession made by a defendant that the plaintiff’s cause is legitimate. It permits judgment to be entered without a trial for the purpose of saving costs.

The Cohan rule is a common law principle that allows taxpayers, when unable to produce records of actual expenditures, to rely on reasonable estimates if there is some factual basis for them. This rule permits certain tax deductions to be claimed on the basis of such estimates.

Coinsurance is a risk-sharing agreement between the insurer and the insured under a particular insurance policy.

• insurance

Collateral is an item of value, such as property or assets, that is pledged by an individual (borrower) in order to guaranty a loan.

Collateral trust certificate is a security that is backed by a financial asset, like stocks or bonds.

A collection agency is any person or company, often hired by creditors, to collect or attempt to collect debts due or asserted to be due to another person or entity. 

A comaker or a cosigner is a person who jointly signs a check, draft or any other negotiable instrument alongside a primary borrower of a loan

Comfort letters are statements from an issuer’s auditor, who could be a Certified Public Accountant (CPA), that the auditor reviewed the issuer’s financial information and assures its accuracy, showing that no false or misleading information exists.

Committed credit facilities are a type of credit facility where the borrower and lender negotiate specific terms which, upon satisfaction by the borrower, obligate the lender to loan the money.