A letter that states a certain rate that a borrower will receive if they are approved for a loan within a certain period of time. … [Read more...] about COMMITMENT LETTER
C
COMMENDAM
In eccloaiastical, law. The appointment of a suitable clerk to hold a void or vacant benefice or church living until a regular pastor be appointed. Hob. 144; Latch, 236. In commercial law. The limited partnership (or Society en commandite') of the French law has been introduced into the Code of Louisiana under the title of "Partnership in Commendam," Civil Code La. art 2810. … [Read more...] about COMMENDAM
COMMERCIAL LAW
Law pertaining to the acts of businesses engaged in commerce, which includes the rights and conduct of and between the parties. Most states have adopted the UCC (Uniform Commercial Code) to cover commercial law. … [Read more...] about COMMERCIAL LAW
COMMENDATARY
A person who holds a church living or presentment in commendam. … [Read more...] about COMMENDATARY
COMMERCIAL LOAN
A business loan (as opposed to a personal loan). … [Read more...] about COMMERCIAL LOAN