A commission is a fee or remuneration paid in return for services rendered. Commission is often calculated as a percentage of the total transaction; a commission can be separate and in addition to fixed wages, or it can be the sole form of...
money and financial problems
common law lien
A common law lien is a lien that is created due to common law and does not depend on any statute or contract for its existence. Unless abolished by statute or judicial decision, common law liens generally have the force of law in each U.S....
comptroller
A comptroller is a senior executive who oversees the accounting and financial reporting of a business or government department. The comptroller is responsible for preparing financial reports and overseeing all accounting, including payroll,...
conservatee
A conservatee is a person deemed incompetent by a court and, therefore, a court appointed conservator handles their financial and/or other daily life affairs. The roles of conservator and conservatee follow from the legal concept of...
constructive trust
A constructive trust is not an actual trust by the traditional definition but a trust created through a court’s power, over assets they determine a party cannot equitably keep. It is a legal fiction that is used as a remedy for unjust...
consumer credit
Consumer credit refers to the ability of a consumer to access a loan. The most common form of credit used by consumers is a credit card account issued by a financial institution. Merchants may also provide direct financing for products which...
contingency fee
A contingency fee is a form of payment to a lawyer for their legal services. In contrast to a fixed hourly fee, in a contingent fee arrangement lawyers receive a percentage of the monetary amount that their client receives when they win or...
contingent fee
A contingent fee, also known as a contingency fee, is a method of compensation for legal services. A lawyer who works on contingency receives a percentage of their client’s monetary award as compensation rather than billing a fixed hourly...
contingent interest
A contingent interest is defined as an interest that the holder may enjoy only upon the occurrence of a condition precedent.
For example, say Bill writes in his will that he leaves his "interest in The Centerville Café to...
contingent trust
Contingent trust is a trust that can only be created should certain conditions be met as stated in a person’s will. To set up a contingent trust, a person states in their will the specific conditions they wish to be met in order for the trust...