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FINANCIAL DICTIONARY & GLOSSARY: COR - CU
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cost accounting - involves the determination of the unit cost of a particular product made by a company, including materials, labor, overheads, etc.

cost leadership - a strategy that aims to create a competitive advantage by producing goods at a lower cost than competitors.

cost of living - the amount of money that has to be paid for essentials such as food, accommodation, heating, clothing, etc.

cost-plus pricing or mark-up pricing - involves adding a fixed percentage to unit cost (which includes an approximate allocation of fixed costs).

cost-push inflation - when costs (rather than excessive demand) push up prices and wages (e.g. excessive wage increases or increases in the price of oil).

counter-trade - see barter.

credit - an arrangement to receive goods or services but pay later; an amount of money paid into a batik account; an amount entered on the right-hand side of an account, recording a payment received; to make such an entry.

credit card - a plastic card issued by a bank or finance company that guarantees payment for goods or services purchased by the cardholder, who pays back the bank at a later date.

creditor - person or organization to whom money is owed (for goods or services rendered, or as repayment of a loan).

creditors (GB) or accounts payable (US) - on a balance sheet, money a business owes to suppliers for purchases made on credit.

credit standing or credit rating or creditworthiness - a lender's estimation of a borrower's present and future solvency

credit terms - the possibility of paying for goods in instalments, over a period of time.

crowding in - theory that government borrowing and expenditure can lead to higher economic activity and a subsequent increase in private investment.

crowding out - the fact that borrowing money for public investment reduces the amount of money available for private investment

cum div - means that the shareholder will receive the next dividend payment.

currency - the money used in a particular country.

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