Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: C

CARIBBEAN COMMON MARKET (CARICOM)

An organisation of 15 Caribbean nations and dependencies. CARICOM’s main purposes are to promote economic integration and cooperation among its members, to ensure that the benefits of integration are equitably shared, and

CARROT EQUITY

In the United Kingdom, a COMMON STOCK issue with a KICKER, or extra incentive, which allows investors to buy more stock if certain performance goals are met.

CASEBOOK

A book containing a selection of source materials on a particular subject, esp. one used as a reference work or in teaching.

CASH BUDGET

A budget used to quantify an immediate, short-term cash flow. Reviewing daily, weekly, and monthly expenditures is essential for a resolution to establish credit lines or contemplate investing short-term idle cash.

CASH EARNINGS

A firm’s cash revenues less cash expenses, which excludes the costs of depreciation.

CASH INFLOW

Organizational monetary income, from activities such as operations, investments, and financials.

CASH REGISTER

A financial transaction calculator, typically electronic. Consists of an entry keyboard, possibly a scanner, a drawer design to hold varying denominations of paper and coin cash, and a printer to provide both

CASH-OUT REFINANCE

Refinancing for more money that the mortgaged amount. Done to get money out for other purposes. Based on many points: home value, mortgage value, income of the mortgagee, credit rating of the

CATEGORY MANAGEMENT

Marketing strategy for managing a full line of products instead of the individual products or brands. Managing occurs as a strategic business unit (SBU). The concept’s basis is that the entire product

CENTRAL PROCESSING UNIT (CPU)

The main processor semiconductor chip in a desktop computer. It performs most of the calculation and control functions. It consists of a circuit board in a minicomputer. In a mainframe, it is

CERTIFICATE FOR PAYMENT

Document as a statement of evidence that the noted work has been completed, was verified by an architect, engineer, or owner of a construction project, and is approved for payment by the

CHANGE IN ACCOUNTING PERIOD

Change to a longer or shorter financial reporting period or a change to a different date for closing of accounts. It generally requires prior approval of taxation authorities.

CHARITABLE FOUNDATION

Public or private trust that manages a charity, but is itself not a charitable organization. No trustee, trustor, or member can take monies as pay from the income generated by a charitable

CHECKWRITING PRIVILEGE

Certified right to write checks against the amount held in a mutual fund. It is a service offered to account-holders. A minimum value for a written checks against an account is typically

CHEMNET

Organization for emergency response specifically for chemical situations, contracted to provide chemical hazard related information on a 24-hour basis, organized by the collective of US chemical shippers and contractors.

CHILD SUPPORT

A method of compensating a parent needing monies for raising and sheltering a child by another who has the means to manage the expenses associated with child support. A court of law

CHRONIC FAILURE

Failure occurring rather often in a system that takes just a little time to correct. Chronic failures are typically low-impact and seemingly low-cost events. However, over the life of the system, these

CIRCULATION EXPENSES

Financial expenses for the developing, maintaining and increasing circulation of a periodical. Associated financial expense for the circulation of a periodical activities of creating, maintaining and increasing sales.

CLASS ‘C’

A rating typically given to property that generate a lower-than-average rent per square foot. These properties are physically acceptable but have few amenities.

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