A construction lien, also known as a mechanic’s lien, laborer’s lien, or artisan’s lien, is a type of lien that gives contractors a security interest in property until they have been paid for their work on that property.
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banking
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...
Consumer Credit Counseling Service (CCCS)
Consumer Credit Counseling Services (CCCS) are mostly non-profit organizations that offer free or low-cost counseling, education, and debt repayment services to individuals in danger of bankruptcy. They can help...
consumer report
A consumer report is background information collected by consumer reporting agencies and used by employers and creditors in determining whether to hire or loan to an individual. A consumer report can contain a wide variety of information...
consumer reporting agencies (CRA)
Consumer reporting agencies (CRA) are entities that furnish consumer reports, including those that compile and maintain files on consumers on a nationwide basis and those that are restricted to certain categories of records including: medical...
contingent annuity
Contingent annuity is an annuity that is subject to conditions or terms that must be met before the beneficiary will receive payments. The most common use of contingent annuities is for life insurance and pensions which are contingent on...
controlling law
Controlling law refers to the laws of the state which will be relied upon in judging disputes. Because states have widely different substantive laws, determining which body of law is controlling is often dispositive of the case. The term...
cosign
When a person cosigns, they sign a document with the primary borrower, agreeing to share the responsibility of a financial obligation. Should the primary borrower not be able to pay for the good, the cosigner will be responsible for paying...
cosigner
A cosigner is someone who signs a loan with another person (borrower) and agrees to pay the loan if the borrower is not able to repay it. In other words, a cosigner accepts an equal responsibility for repaying the loan.
As...
cost basis
Also called tax basis, cost basis is the original cost of acquiring a property (usually its purchase price plus any commissions or fees), for tax purposes. It is primarily used for computing capital gain or loss from the transfer of property...