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

Category: C

CLEAN FUEL

Natural fuel, like compressed natural gas or liquefied petroleum gas, or a blend like gasohol. It produces less pollution than the alternatives and it is used as a substitute for fossil fuels.

CLEARANCE TERMINAL

Section of an airport or port facility where goods are released once cleared by Customs upon satisfaction of clearance requirements.

CLIMATE

Classification of the long-term weather in a specific area. General weather pattern over a significantly large area of earth’s surface. This weather’s average conditions covering a period of 30 to 35 years,

CLOSED FILE

File locked down so that no new documents or records can be added. The lock down occurs because (1). Processing has been completed, (2). Updates are no longer possible, or (3). a

CLOSED-END LEASE

Consumer lease having no option nor requirement for the lessee to buy the leased item at the end of the lease period. Known also as walk away lease. An example is as

CLOSING ENTRIES

Final bookkeeping entries posted at the end of an accounting period for reducing all nominal, temporary accounts to zero. Balances of these accounts are moved to the income summary account, and drawings

CNBC

Acronym for a subsidiary of the National Broadcasting firm, NBC, that provides business and financial news. In 1989 NBC and Cablevision agreed on a deal to operate this network. Some of CNBC’s

CODEX

Collected conduct or rules in a reproducible document.

COGNITION

Mental procedures of judging, knowing, learning, perceiving, recognizing, retention, thinking, and understanding. These lead awareness and some understanding of the world around us.

COLD ROLLED STEEL

Procedure for metal forming a steel ingot, cooled to a temperature making the metal no longer pliable or plastic, to be forged or rolled into sheets or other shapes. Known also as

COLLATERAL TRUST BOND

Securities of subsidiary firms typically from holding firm or against its own bonds or other obligations by an investment trust . Short term debt security. Known also as collateral trust certificate or

COLLISION DEDUCTIBLE

Amount an insured pays out-of-pocket and deducted from an awarded insurance claim. This is typically a fixed sum, or a percentage of the total claim amount set when claiming insurance for a

COMMERCIAL UNIT

The amount an item can be sold as a single unit. The character of the item must remain uniform and remain usefull as well. Or the amount or unit of measurement.

COMMON CARRIER

1.a company offering services to the public over wires or satelite systems. 2. a transporter that serves all public, follows a schedule, carries specified cargo, and is the carrier of the contract

COMPANY UNION

A union that is fake. The employer can prevent the organization of a real union. AKA house union.

COMPENSATING BALANCE

A noninterestbearing demand DEPOSIT placed by a customer with a BANK to compensate for LOANS or other services granted.

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