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The A to Z Glossary of Credit Keywords

There are 166 entries in this glossary.
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Term Definition
Borrowing ratio

A ratio which shows total debt as a percentage of shareholders' funds, and aims to measure to what extent the subject is financed by external funds.

C.O.D

Cash on delivery; payment is due upon delivery of the goods.

Capital

The general idea behind the word 'capital' is the money you started with or the money you have, but the term is often loosely used so its meaning should always be clarified. Combined with other words it can have a more precise meaning e.g:

Nominal capital: is the amount of money that can be put into a Limited or Unlimited company in the form of shares. For Public companies this is known as a Authorized capital (the term Registered capital is also sometimes used).

Capital fully employed

The company's resources are fully extended; shortage of cash. This is one of the terms used by banks when answering status enquiries.

Cash

Cash in hand, either petty cash or current accounts at the bank.

CCA

Consumer Credit Association.

CCA (Second Definiton)

Consumer Credit Act, 1974

CCJ

An abbreviation for County Court Judgment

CCTA

Consumer Credit Trade Association

Certificate of incorporation

When a new Limited company (or Unlimited company) is being formed and all the formalities complied with to the satisfaction of the Registrar of Companies, he will issue a Certificate of Incorporation which then gives the Company its legal existence.

Charging order

A form of proceedings to enforce a judgment, which attaches to property, normally land or shares, owned by the debtor. The charging order operates like a mortgage in that it is usually used to secure payment by instalments. Upon default an order for sale may be made.

Collateral security

Security in the form of stocks and shares, deeds of property or other acceptable substitutes which are deposited by a borrower as a guarantee that a loan will be repaid.

Company number/Company index number/Comp

When a Limited company is formed it is given a Company Number, individual to itself, which it keeps, even if it changes its name, until it is dissolved. All companies are required by law to show this number on their letter headings.

Compound interest

Interest calculated on the principal sum of a debt, plus any interest that has accrued in previous periods. Each time interest is added, the total becomes the new sum on which subsequent interest is calculated.

Conditions of sale

The contractual terms, usually in writing, upon which goods are sold and services supplied. Also known as Terms of Trade and Terms and Conditions.

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