Economics & Finance | Françoise Clementi

current asset

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An asset listed on the balance sheet with less than a 12-month life, or that is readily convertible into cash to be used to satisfy

customer

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Recipient of goods or services in return for monetary or other valuable considerations (source: http://en.wikipedia.org/wiki/Customer)

custodial fee

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Sum charged by a financial institution or broker dealer for safekeeping or custody services, holding securities on behalf of the client.

customer attrition

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The loss of clients or customers. (source: http://en.wikipedia.org/wiki/Customer_attrition)

creditor

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A person or company to whom money is owing. (source: wordreference)

creditors meeting

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Legal procedure whereby the creditors of a company which had declared bankruptcy consider the affairs of the bankrupt and how to recover the investment made.

criminal liability

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Responsibility for any illegal behaviour that causes harm or damage to someone or something. (source: http://dictionary.cambridge.org/dictionary/business-english/criminal-liability)

criteria for loan approval

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The indicators on which the financial institution will be based to approve a loan: employment history, income, credit history, assets, debts, and property.