closed-end fund: a mutual fund that sells a limited number
of shares.
coinage system: the system of metal money used in a
country.
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collateral: something with monetary value pledged as
security for a loan.
collective bargaining: the process by which labor leaders
and management iron out agreements on pay and working con-
ditions (negotiations with management by a union to prepare a
labor contract).
command economy: an economic system in which major
decisions concerning the allocation of resources are made by
agencies of the government.
commercial paper: short-term note issued by a
corporation promising to repay a sum of money at a
specified rate of interest. Short-term unsecured debt, with
maturity up to 270 days. Banks, corporations and others raise
money by issuing commercial paper to investors.
