Category: C

One who trusts or gives credit; a creditor. Britt cc. 28, 78.

Credit in the English sense of the term, or more particularly, the security for a loan or advancement.

To bring into being; to cause to exist; to produce; as, to create a trust in lands, to create a corporation. Edwards v. Bibb, 54 Ala. 481; McClellan v. McClellan, 65 lie. 500. To create a charter or a corporation is to make one which never existed before, while to renew one is to give vitality to one which has been forfeited or has expired; and to extend one is to give an existing charter more time than originally limited. Moers v. Reading, 21 Pa. ISO; Railroad Co. v. Orton (C. C.) 32 Fed. 473; Indianapolis v. Xavin, 151 Ind. 139, 51 N. E. 80, 41 L. R. A. 344.

An analytic model that is used to determine credit losses based on the probability of a COUNTERPARTY

Deceitful; fraudulent; hav- K ing the nature of, or tainted by, covin.

In old English law. A word of disgrace and obloquy, pronounced on either champion, in the ancient trial by battle. proving recreant, i. e

Pusillanimity; fear; misbehavior through fear in relation to some duty to be performed before an enemy. O’Brien, Ct M. 142; Coil v. State, 62 Neb. 15, 80 N. W. 925.

A FOREIGN EXCHANGE PEGGING process based on official CENTRAL BANK intervention activity that adjusts the value of the local currency through small preannounced changes or average target rates over a period of time. The crawling feature avoids sudden jumps or VOLATILITY characteristic of DEPRECIATION or DEVALUATION, but may still be difficult and expensive to maintain over the long term. See also MANAGED FOREIGN EXCHANGE RATE.

In Scotch law. A written voucher for a debt Bell. In civil and canon law. Au instrument written out and subscribed by the hand of the party who made it whether the king or a private person. Cowell.

A creditor. Cowell.