called bond. A bond issued with the privilege of re-demption after a certain time, interest to cease on such call.
call loan. A loan payable on demand.
capital. Available wealth or money.
Captain of Industry. A leader in the creation and development of important industries in the United States.
cash assets. Assets in money or readily convertible into money.
cats and dogs. Worthless securities. [Colloquial.] charges forward. Designating charges to be paid by the receiver of the property.
Chicago check. A form of check having the dollar mark to be followed by the amount in figures, at the end of the line for the payee's name.
circular letter of credit. See traveler's letter of credit.
circulation. 1. Money in use. 2. Notes issued by national banks.
classified bonds. Bonds disposed in two or more classes, as designating the payment of interest or maturity.
classified stock. Stock disposed in two or more classes, as first, second, and third preferred.
close corporation. A company the stock of which is held by a few persons and is not on the market.
closed for dividend. Not open pending a dividend payment; - said of stock.
closing prices. On the stock exchange, the prices at which the last sales are made.
coining rate or value. The valuation as compared with gold at which silver is coined as opposed to its actual bullion value.
collateral loan. A loan on paper secured by a pledged security.
collateral note. A promissory note secured by a pledge.
collection charge. A charge for collecting out-of-town paper.
commitment. The act of giving an order to buy or sell.
community of interest. Joint ownership or control for the maintenance of harmonious relations.
commutation, commuting. See compounding.
compensatory damages. An amount adjudged equivalent to a sustained loss.
composition. A partial payment of creditors accepted by them as a full payment.
compounding. The payment of several successive obligations by substituting a lump sum.
concessionaire. One who obtains a grant.
consignee. The one to whom goods are sent.
consignment. Goods shipped or forwarded by one person to another.
consol. A consolidated stock or bond, an abbreviation of consolidated annuities.
consolidated bond. One of an issue of bonds taking up and replacing two or more previous issues.
consolidated mortgage. A mortgage replacing two or more mortgages previously made.
constant. In finance, a fixed value.
construction account. The account showing the amount of building and equipment investment, as of a railroad.
continued bond. A bond which may be held after maturity, then bearing the same or a different rate of interest.
contribution. An indemnifying payment made to one of a number of parties jointly responsible for a debt by those not participating in the payment.
controlling company. One owning control though not operating another company. cooked. Garbled or manipulated; - said of an account or report. corner. The condition of the market with respect to a commodity which has been bought up with a view to monopoly. coupon. The detachable form showing the amount of interest due at a certain date, being negotiable the same as a check. coupon bond. An unregistered bond payable to bearer.
crossed check. A check bearing on its face, certain words making it payable only at a bank; - used only in England.
cumulative stock. Preferred stock bearing a dividend, which if not paid regularly, accumulates, and must be paid before a dividend on common stock.
current assets. Such assets as change from day to day.
current liabilities. Liabilities changeable daily.
cutthroat mortgage. A mortgage so drawn as to cut off the mortgagor's right of summons or notice and recourse, - not sustainable in equity.