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cooling-off rule Provision that gives customersthree business days to cancel contracts for mostpurchases made away from the seller’s regularplace of business. (p. 322)cooperation The act of working together toward acommon end. (p. 420)cooperative Form of home ownership in which buyerspurchase shares in the corporation that owns anapartment building and holds the mortgage on it.(p. 735)copyright Right granted to an author, composer, photographer,or artist to exclusively publish and sellan artistic or literary work. (p. 365)corporate opportunity doctrine Directors and officerscannot take a business opportunity for themselvesif they have knowledge that the corporationwould want to take that opportunity for itself.(p. 637)corporation A body formed and authorized by law toact as a single person. (p. 606)cosignature A second person’s act of signing a loancontract, thereby agreeing to pay the loan if necessary.(p. 488)counteroffer Any change in the terms of the offerthat means the offeree has not really accepted theoffer. (p. 117)credit Arrangement through which a person mayreceive cash, goods, or services immediately, andpay for them in the future. (p. 484)creditor Party who sells the goods or lends themoney. (p. 484)crime An offense against the public at large, which istherefore punishable by the government. (p. 80)crime against property Crimes including burglary,robbery, arson, and embezzlement. (p. 66)crimes involving controlled substances Acts inwhich a person commits a crime either under theinfluence of drugs or alcohol, or is involved in theillegal sale of those substances.(p. 71)Ddamages Payment recovered in court by a person whohas suffered an injury. (p. 251)debit card Card used to electronically subtract moneyfrom a bank account to pay for goods or services.(p. 534)debtor Party who buys goods on credit or borrowsmoney. (p. 484)debt ratio Amount of the monthly payments on amortgage compared to the income of the debtor.(p. 731)deed Written instrument that transfers ownership ofreal property. (p. 741)defamation The wrongful act of injuring another person’sreputation by making false statements. (p. 84)defendant The person accused of a crime. (p. 56)definite time paper Instruments that are payable onor before the stated date. (p. 514)delegation The transfer of a duty. (p. 243)delinquent child A minor child under a certain age(generally 16–18) who has committed an adultcrime. (p. 31)demand paper Instrument that is payable on demandwhen it is so stated, or an instrument that is payable“on sight” or “on presentation.” (p. 514)depository bank The first bank to which an item istransferred for collection; the depository bank mayalso be the payor bank. (p. 545)derivative suit Suit brought against a corporation’smanagement by the shareholders on behalf of thecorporation. (p. 631)desertion Unjustified separation of one spouse fromthe other with the intent of not returning. (p. 698)destination contract The place that goods arerequired to be delivered. (p. 279)detention hearing Hearing in which a judge learnswhether there are good reasons to keep the accusedin custody. (p. 47)detriment Any loss suffered from an agreement. (p. 164)devise Gift of real property that is made by a will.(p. 779)direct suit Lawsuit that may be brought against a corporationby stockholders to enforce their rights.(p. 631)directors Persons responsible for seeing that a corporationacts within its powers, and who suggestbusiness policy and oversee a wide variety ofemployee-related policies. (p. 626)disability Any physical or mental impairment thatsubstantially limits one or more of the major lifeactivities. (p. 470)818 Glossary