Glossary

A counterparty is an individual or organization willing to assume risk in a capital market transaction such as a catastrophe bond.

Countersignature refers to state insurance laws that require an insurance policy to be signed by not only the insurer issuing the policy but also an agent residing in the state where the risk is located.

The coupon interest is the rate of interest paid to the holders of a bond.

Course of the employment means the period when employees are presumed to be acting in their employer's interests and thus covered by workers compensation.

A courthouse steps settlement is a settlement or resolution reached just before a dispute is set to go to trial.

A court reporter is person who records and transcribes verbatim the dialogue at a court hearing, trial, or deposition.

Covariance is a measure of the volatility inherent in any risk-taking venture or activity.

Covenants, conditions, and restrictions (CC&R) are the part of a homeowners' association agreement that stipulates various rules, regulations, and promises by which a homeowner agrees to abide when purchasing a residence.

A covenant not to execute is an agreement by the plaintiff in a lawsuit not to enforce a money judgment against a defendant.

A covenant not to sue is an agreement by an injured party not to sue the party that caused the injury.