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

Category: C

CAPACITY FACTOR

The net capacity factor of a power plant is the ratio of the actual output of a power plant over a period of time and its output if it had operated at

CAPTIVE AGENT

An agent who only represents one company exclusively and no one else.

CARBON EQUIVALENT UNIT

This is computed by multiplying the equivalent of a gas content carbon element and the carbon dioxide.

CARE, CUSTODY, AND CONTROL

A term used primarily in liability coverages which refers to property belonging to another but which is legally in the insured’s possession or under his control.

CARPAL TUNNEL SYNDROME (CTS)

A painful condition of the hand and fingers caused by compression of a major nerve where it passes over the carpal bones through a passage at the front of the wrist, alongside

CARRY ON BAGGAGE

Baggage that is carried aboard an airplane by the passenger, as opposed to being checked and carried in the hold.

CASH ACKNOWLEDGMENT

Notice sent to a cash buyer acknowledging receipt of the order. The acknowledgment may include an offer inviting the buyer to increase the purchase order. Cash acknowledgments are frequently used if delivery

CASH COLLATERAL ACCOUNT

An account in the name of a borrower that serves as a clearing account with its bank, usually for the purpose of securing and servicing an indebtedness.

CASH EQUIVALENT

Cash and cash equivalents are the most liquid assets found within the asset portion of a company’s balance sheet.

CASH MANAGEMENT JOURNAL

A method of properly managing income and expenses offered as a service to businesses and corporations by financial institutions.

CASH SHORT AND OVER ACCOUNT

Discrepancies between actual cash on hand versus the start-of-day cash on hand plus the total of the days receipts are posted to this type of general ledger account.

CASUAL LABORER

Temporary or part-time laborer who performs various services. An hour or a day is the typical work duration.

CAUSE OF LOSS FORM

A form that lists specific causes of loss covered by a commercial insurance policy; usually an attachment to that policy.

CENTRAL TRAITS

Characteristics that are the focus of particular interest of an individual to an examiner, interviewer, trainer, or perceiver.

CERTIFICATE OF CLAIM

if a foreclosure sale on a mortgaged asset fails to generate sufficient monies to cover the loan balance, interest, and other costs, the borrower will undertake to reimburse the lender with the

CHAIN OF COMMAND

The order of hierarchy by which an organization wields and delegates authority and power from top management to every employee at every level of the organization. By design, Instructions flow downward along

CHANGE IN CONTROL PROVISION

An agreement in an employment contract giving an employee certain protections from a change of ownership in a company. Typically, protections trigger after a change in the controlling interest that impacts the

CHECK ENDORSEMENT

Signatures, on the front by the payee, and on the back by the depositor, on a check acknowledging that both parties agree to exchange the specified check amount. Written on the back

CHEMICAL HYGIENE PLAN

Documented, approved, detailed description of policies and work practices designed and employed to protect employees and others in a workplace from health hazards possible due to the presence, production, or use of

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