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

Category: C

CHOICE NO-FAULT PLAN

Under a no-fault plan provided by the state, it is the choice of coverage by a vehicle owner.

CICERO (CC)

Typographic measure equal to 4.51 millimeters divided into 12 Didot. It is used in mainland Europe, but not in UK, US, or elsewhere.

CLAMSHELL PACKAGING

Two clear and thin hinged-halves of a plastic shell that open and close like a clamshell.

CLASSICAL ECONOMICS

School of economic thought promoting the notion that economies do best if everyone can pursue one’s own self interest with free and open competition. Several 18th and 19th century British economists from

CLAYTON ANTITRUST ACT

Passed by the U.S. Congress in 1914, it is an amendment that adds weight to competition in U.S. businesses by discouraging monopolies. This act prohibited price discrimination, price fixing, and exclusive sales

CLEANUP PERIOD

30 or 60 day period given to a customer who must have no overdrafts to receive annual renewal of a line of credit as an overdraft protection. US banking practice. The time

CLICKABLE

Active-available state of a hyperlinked icon, image or text area in an electronic document or on a webpage. A user can reach other areas of the same document or the website, or

CLOSED COMPETITIVE BIDDING

Competitive bidding conducted at a private venue with closed bids. The bidding occurs in the presence only of the authorized personnel of the party requesting the bids.

CLOSED TO NEW INVESTORS

Condition enacted when a mutual fund has much more money to invest than the availability of allowable investments.

CLOSING

1. In Accounting, this is the moving of account balances at the end of an accounting period from subsidiary ledgers, containing nominal or temporary accounts, to an income summary account. Known also

CLUSTER ANALYSIS

Statistical classification technique in which cases, data, or objects, such as events, people, and things, are subdivided into groups or clusters. It is a discovery tool used to help reveal associations, patterns,

CO-CREATION

A business strategy inviting customer interactive experience and developing interactive relationships. Co-creation allows and encourages a more active involvement from the customer to develop a long-term, worthwhile, use- rich experience.

COEMPTION

Purchasing the entire available stock of a commodity or material.

COLD BLOOD

Term for a criminal’s state of mind characterized by pre-meditated intent to commit a murder. Refer also to cool blood.

COLLAPSE

A sudden, dramatic slowdown, or stoppage, in economic production that leads to a steep decrease in prices that in turn leads to a subsequent connected fall in the level of employment.

COLLECTION PERIOD

Time a firm takes to collect its accounts receivables. Stated as an average number of days. It is the period between delivering an invoice and receiving the payment.

COMBINED BOARD

A variety of board types, such as a combination of corrugated with solid fiberboard, go into making this final type of board.

COMMODITY TRADING ADVISOR

A party that is registered with the CFTC that helps manage, buys, and gives advise futures trading for another person.

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