Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: C

Continuously Insured

An insured person who has had no time period during which he or she was uninsured since first taking out an auto insurance policy.

Comprehensive Coverage

The most common form of optional auto insurance coverage, alongside Collision, covering damage that is the result of non-collision factors, such weather and theft.

Collision Coverage

Along with Comprehensive, the most common form of optional auto insurance coverage. Collision Coverage covers the cost (minus a deductible) of repairing damage to a vehicle when the insured driver is at

Cancellation

When an insurance policy is terminated prior to the renewal date. Either the insurer or the insured can cancel a policy.

COMMUTATIVE CONTRACT

the name that is given where each party will receive an equivalent or mutual benefit and obligation.

CONVERSION

This term applies to taking another person’s property without any cause or permission. It is an unlawful action.

CENTERS FOR DISEASE CONTROL

a federal agency that is a subdivision of the Public Health Service which is a division of the Department of Health and Human Services. See contagious diseases, reporting of.

COMMON USE

This phrase refers to the articles that are used by the general public and are sold widely in many markets.

CHARGE-OFF

an accounting term where one item is eliminated from an assets list when it is lost or is deemed to be worthless.

COVENANT NOT TO COMPETE

the type of agreement where a party agrees not to compete against another business of a similar kind.

COMMON JURY

This term is applied to the jury that is ordinary and not a special jury or a grand jury.

CUSTODIAL CARE

the extended care that is given in a nursing home by skilled nursing facilities.

CASH SALE

a manner of payment that implies that the seller will be paid in cash.

CORPORATE REORGANIZATION

the process that reorganises a company that will make it into a more profitable business and get it out of its financial troubles.

COMPLY

This means to act in accordance with your obligations, to yield or to carry into effect or to accommodate something.

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