A | B | C | D | E | F | G | H | I | L | M | N | O | P | Q | R | S | T | U | V | W

Capital Charge: an annual charge reflecting the consumption of fixed assets (depreciation) and the opportunity cost of tying up funds in such assets (cost of capital).

Capital Expenditure: expenditure incurred in the creation or enhancement of a fixed asset.

CHAPS Transfers: same-day, sterling, electronic payments and receipts, processed via the Clearing House Automated Payment System.

Charge for Payment: the formal demand for payment following a decree. A Sheriff Officer usually serves it on you and you have to pay the debt within 14 days.

Commissioner: a creditor or their representative elected by the statutory meeting of creditors to represent the general body of creditors and to supervise the permanent trustee on its behalf.

Consignation: a form of deposit receipt whereby money is lodged in a Head Office bank account pending an order of the court or until the person entitled to it claims it.

Court of Session: Scotland's supreme court; the highest civil court in Scotland.

Creditor: any person, business or organisation which is owed money by another.

Current Liabilities: liabilities incurred in the normal course of business which fall due within one year and include creditors, accrued expenditure and deferred income.