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Code of Ethics
Principles, values, and standards
that instruct professionals to conduct
business with integrity.
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Code of Federal Regulations (CFR)
The
codification of the general and permanent
rules published in the Federal Register by the
executive departments and agencies of the
U.S. federal government.
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Coincident Indicator
An economics statistical
indicator that reflects in almost real-time the
current status of the economy.
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Coinsurance Clause
Property insurance clause
that requires policyholders carry an
appropriate amount of coverage.
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COLA
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Collaborative Learning System
A work
environment that allows problem-solving
participation by all team members. Used by
procurement managers to obtain a more
participatory work environment.
(Business 2002)
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Collaborative Relationship
A relationship in
which buyers and sellers have common or
complementary goals and agree to share
resources, often to lower costs.
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Collateral
1. Anything of value that is acceptable to a
lender to guarantee repayment of a loan.
2. Real or personal property pledged as security
for a loan.
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Collective Bargaining
Direct negotiations
between employers and unions to determine
labor market outcomes. May involve wages,
benefits, security, and safety issues. Usually
results in a contract for a specified duration.
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Collusion
When two or more parties act together
secretly to achieve a fraudulent or unlawful
act—particularly by bidders in a competitive
bidding situation—in violation of antitrust
laws.
