Glossary

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There are currently 13 names in this directory beginning with the letter C.
C1 use
C1 use - Hotels and Hostels

C2 use
C2 use - Residential accommodation and care to people in need of care.

C3 use
C3 use - Dwelling House or up to 6 people living together as a single household

C4 HMO
C4 HMO - Allows for the use of a dwelling house as an HMO with up to 6 unrelated residents sharing amenities such as bathroom and kitchen.

Collateral Warranty
Collateral Warranty - A deed granting the beneficiary - usually a lender, occupier or buyer contractual rights against a building contractor or professional employed by or on behalf of the developer. Collateral warranties often contain step in rights to allow the beneficiary to take over the contract for example in the event of default of a loan.  

Commercial Delphi Score
Commercial Delphi Score - An analytical tool designed to highlight the strength, performance and ultimately the creditworthiness of each company in a single score. The score ranges from 0 to 100 with the lowest scoring companies carrying the highest risk.

Commonhold Tenure
Commonhold Tenure - A leaseholder obtains the freehold of their unit and along with the other commonholders are responsible for the management and maintenance of the building via a commonhold association registered at Companies House.

Company Voluntary Arrangement (CVA)
Company Voluntary Arrangement (CVA) - A legal process allowing a company to enter negotiations with their creditors to repay some or all of its debt over an agreed period.

Comparables
Comparables - Similar properties in similar areas are compared to to provide the basis for valuations of the Open Market Value or rental income.

Confidential Invoice Discounting
Confidential Invoice Discounting (CID) - A loan advance that is secured against all your client’s outstanding invoices. The amount advanced is usually 50-90% of the face value of the invoice minus fees and interest. With CID, the borrower retains control of  the credit collection process.

Construction Industry Scheme (CIS)
Construction Industry Scheme (CIS) - Contractors deduct money from a subcontractor's payments and pass it to HM Revenue and Customs (HMRC).

Covenant Waiver
Covenant Waiver - In finance, applies to a lender abandoning the requirement meet certain financial conditions of a loan.

 

Creditors Voluntary Liquidation (CVL)
Creditors Voluntary Liquidation (CVL) - is a formal insolvency procedure where directors or shareholders of an insolvent company voluntarily choosing to close the business and settle creditors in order of priority.