Momentum, energy, angular momentum, and charge are conserved locally, globally, and universally. One must remember that conservation locally (within a defined system) does not mean constancy. Constancy occurs only when the system is closed/isolated from the rest of the universe.
Conservation means that these quantities cannot spontaneously change. Let's consider momentum: the momentum of a system at a later time must equal the momentum at an earlier time plus the sum of the impulses applied to a system. The impluses in this sum could be adding or removing momentum from the system, but never creating nor destroying momentum:
$$\vec{p}_{later}=\vec{p}_{before}+\Sigma\vec{J}_{during}.$$
For an isolated collision, without outside influence, $\vec{J}_{during}=0$, and $\vec{p}_{later}=\vec{p}_{before}$.
For the energy: $E_{later}=E_{before}+W+Q+\mathrm{radiation}$
For angular momentum: $\vec{L}_{later}=\vec{L}_{before}+\Sigma\vec{\Gamma}_{outside}$ ($\Gamma$ is torque on system)
For charge: $ Q_{later}=Q_{before}+\int I\;\mathrm{d}t$
In the case of kinetic energy, it is not universally conserved. It can appear and disappear as energy is transformed to different manifestations:heat internal energy, gravitational, electromagnetic, nuclear, all of which are energy. The total energy is conserved in a system (not necessarily constant), with the transfer agent being work/radiation/heat. The elastic collision is defined to be one in which the kinetic energy of the system remains constant.
Note that if you define a single object as the system of interest, neither the momentum nor the kinetic energy will remain constant during a collision with another object or while it falls in a gravitational field, but the momentum will be conserved (the object is subjected to impluses) and the energy of the object is conserved (outside forces do work).
Bottom line: Define a system, look for transfers of momentum (impulse), energy (work, etc), angular momentum (torque), and charge (current) into or out of the system. Then see if any of those conserved properties are also constant for your situation.
EDIT - Response to OP specific questions:
My specific question (in addition to the above) is: If in a collision
there is a coefficient of restitution BELOW 1, doesn't that mean that
the collision is INELASTIC? YES OR NO!
Yes. One may also call it partially elastic. If the coefficient of restitution is zero (0), the collision is completely inelastic.
And if that means that the collision IS INELASTIC, is it correct to
use AT THE SAME TIME momentum conservation equation? YES OR NO!
Yes. Momentum is conserved in all collisions and explosions. And sometimes it might even be constant for short periods of time.