Glossary beginning with C


a person assigning a liability to a buyer.

(CEE Responsible Investment Universe) - is an index of Vienna Stock Exchange for Central and Eastern European (CEE) region. Consist of companies fulfilling criteria related to social and ecological matters.
Civil Code
Act of 23rd April 1964 – Civil Code (Journal of Laws No. 16 of 1964, item 93, as amended).
Code of Commercial Companies
Act of 15th September 2000 – Code of Commercial Companies (Journal of Laws of 2000, No. 94, item 1037, as amended).
COR – Combined Ratio

All-inclusive expense ratio calculated for the non-life insurance sector (class II). It is the ratio of all the expenses to administer insurance and pay claims to earned premium in a given period.


Corporate Social Responsibility – a concept according to which, upon drafting its strategy, a company voluntarily includes in its social interests and environment protection issues, as well as relations with various interest groups.