Terms used in business such as Credit Risk Insurance,Creditor,Crowd funding, Current Account, Crowdsourcing etc


Terms used in business such as Credit Risk Insurance,Creditor,Crowd funding, Current Account, Crowdsourcing etc




This post explains about terms used in business such as Credit Rationing ,Credit Risk Insurance,Creditor,Crowd funding,Crowdsourcing,Crown Jewel,Culpability,Currency of Reference,Current Account etc.These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.


Terms used in business


Credit Rationing - When a bank or money lender limits the amount of funds available to borrowers, or interest rates are very high.


Credit Repair - The process of helping to improve a person or company's credit rating, sometimes by disputing or correcting credit history discrepancies.


CREDIT REPORT:A listing of an individual or company's history of repaying past loans and other liabilities.


Credit Risk Insurance - Insurance that covers the risk of nonpayment for delivered goods.


Credit sale / Vente à crédit :An arrangement pursuant to which a buyer takes goods that he / she will pay for by an agreed date in the future.


Terms used in  business such as Credit Risk Insurance,Creditor,Crowd funding, Current Account, Crowdsourcing etcCredit Union - A financial institution, similar to a bank, whose members create the funds from which they can obtain loans at low rates of interest.


Credit: Another word for debt. Credit is given to customers when they are allowed to make a purchase with the promise to pay later. A bank gives credit when it lends money.


Creditor - a person or business that allows you to purchase a good or service with an agreement to pay at a later date. A creditor is also anyone who you owe money to, such as a lender or supplier.


Creeping Nationalization - The succession of small but important changes in a firm's condition or standing that bring it slowly under national control.


Crib - Plagiarism. To copy someone else's written work and pass it off as your own.


Crisis Management - Actions taken by a company to deal with an unexpected event which threatens to harm the organisation, such as a loss of a major customer, bad publicity, etc.


Criterion - A principal or standard by which other things or people may be compared, or a decision may be based.


Critical Mass - The minimum amount of customers, resources, etc., needed to maintain or start a business, venture, etc. The point at which change occurs e.g., when a company is able to continue in business and make a profit without any outside help.


Cronyism - In business and politics, showing favouritism to friends and associates by giving them jobs or appointments with no regard to their qualifications or abilities.


Cross Guarantee - Also known as Inter Company Guarantee. A guarantee by a group of companies to be responsible for the debts, etc., of another company in the group if it fails to repay them. The group also use the guarantee to raise capital or take out multiple loans.


Cross Merchandising - Also known as Add-On Sales. In retailing, the practice of putting related products together on display in order to encourage customers to purchase several items.


Crowd funding : Is a way of financing your business idea through donations of money from the public. This is usually done online, through a crowd funding website.


Crowdfunding - A method of funding and underpinning a project or business venture which became increasingly popular and visible in the 21st century, whereby users or other interested people are involved as investors at project inception, and therefore agree and commit to support a development of one sort or another. A good example of crowdfunding is the raising capital and support from a local community for the construction of nearby wind turbines, which generally otherwise encounter local hostility instead of support. The concept of crowdfunding provides a clear illustration of the benefit of involving people as stakeholders, rather than positioning people as 'reluctant customers' or obstacles to be confronted and overcome. See 'Crowdsourcing', which like 'Crowdfunding' embodies similar progressive, open, inclusive, non-authoritarian management philosophy.


Crowdsourcing - Term first coined by Jeff Howe in 2006 in Wired magazine. Crowdsourcing refers to an organisation, group or individual delegating a task to a large number of people via the internet, thereby using the general public or a community of followers, users, experts, etc., to do research, make suggestions, solve a problem, etc., usually without being paid. Their reward is mainly a sense of ownership and real involvement, which is proven to be a very powerful and meaningful force for motivation. (See the theories of Herzberg and McGregor, or at a glance the diagram illustrating XY-Theory.) Crowdsourced projects can be very big indeed. Wikipedia is effectively built and maintained using crowdsourcing. The term is a 'semi-portmanteau' in that it combines the words crowd and outsourcing. See also Crowdfunding.


Crown Jewel - The most valuable and profitable asset of a company or business.


CSP+ / CSP+ :French designation for social-professional categories such as artisans, merchants, entrepreneurs, executives, higher and intermediate academic and intellectual professions, etc.


C-Suite - The Chief Officers or most senior executives in a business or organisation.


CTIS - denotes Sprint's Carrier Transport Invoicing System that is used to bill Resellers for Single Source Solutions services.


CTIS Product Hierarchy Level - Denotes the level in the CTIS billing hierarchy directly above the CTIS Service Hierarchy Level which ties these service locations for purposes of reporting. There may be multiple product hierarchy levels for a given Single Source Solutions product. Each CTIS Product Hierarchy Level is considered independently for calculation and application of Single Source Solutions Discount One, Single Source Solutions LEC Cap Surcharges, Single Source Solutions Minimum Average Time Requirement Surcharges and Single Source Solutions Minimum Port Usage Surcharges.


Cube Farm - An open office which is divided into cubicles.


Culpability - Blame or liability for harm or damage to others, from Latin culpa meaning fault.


Cultural Relativism - The belief that no country is superior to another when comparing the systems of morality, law, politics, etc.


Culture - Collective mental paradigms that a society imparts to individuals in the form of behavior patterns, shared values, norms and institutions.


Cum-Dividend: It refers to the share (quoted in the Stock Exchange) which means that a buyer of the share is entitled to the dividend declared on it at the time of purchase.


Currency Bloc - A group of countries that use the same currency, for example the Euro.


Currency Coupon Swap - A fixed-for-floating rate nonamortizing currency swap traded primarily through international commercial banks.


Currency Cross-hedge - A hedge of currency risk using a currency that is correlated with the currency in which the underlying exposure is denominated.


Currency of Reference - The currency that is being bought or sold. It is most convenient to place the currency of reference in the denominator of a foreign exchange quote.


Currency Option - A contract giving the option holder the right to buy or sell an underlying currency at a specified price and on a specified date. The option writer (seller) holds the obligation to fulfill the other side of the contract.


Currency Option Contracts - Currency option contracts provide the contract holder the right to buy or sell currency at a set exchange rate for a specific period of time.


Currency Risk - The risk of unexpected changes in foreign currency exchange rates. Also known as foreign exchange risk.


Currency Swap - A contractual agreement to exchange a principal amount of two different currencies and, after a prearranged length of time, to give back the original principal. Interest payments in each currency are also typically swapped during the life of the agreement.


Current Account - A bank account which can be used to make deposits, withdrawals, cash cheques, pay bill, etc.


The above details describes about terms called in business such as Credit Rationing , Credit Risk Insurance,Creditor,Crowd funding,Crowdsourcing,Crown Jewel, Culpability, Currency of Reference,Current Account etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in business trade below this post.Terms used in business such as Countersign, Courier, Cowboy, Credit Crunch,Credit history,Credit Analysis,Credit Rating Agency etc

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