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

Category: C

CHILLING EFFECT

Cooling the earth’s surface temperature by unclouded sky at night or increased number of particles in the upper atmosphere that block sunlight. Contrasts versus greenhouse effect.

CHRONIC TOXICITY

Small. repeated doses of a substance causing long-term poisoning (toxicity). Contrast to acute toxicity.

CITY CODE

Code that identifies cities and their airports. Known as a three-letter IATA code. Examples are NYC for New York, LGA for La Guardia, and JFK for John F. Kennedy.

CLASS OF WORKER

Workers are divided into three common categories: (1) Wage and salary worker, who receives daily, weekly, or monthly compensation including commission or tips, (2) Self-employed worker, who owns a business, farm, or

CLASSIFIED COMMON STOCK

Stock in many categories that is typically divided into two classes based on benefits. ClassA is available to the public; a non-voting, dividend-paying stock . ClassB is voting stock held by the

CLEAN TECHNOLOGY

Technology using less resources, generating less waste, and causing less environmental damage than any alternatives, and is economically competitive and productive .

CLEARING HOUSE INTERBANK PAYMENTS SYSTEM (CHIPS)

Electronic funds moving system. Handles over 95 percent of all international dollar payments. Located in New York City, CHIPS settles transactions in special account balances as adjustments at the Federal Reserves Bank

CLOCK SPEED

Speed of a computer to traverse a number of evenly-spaced pulses generated by a computer’s clock to regulate the switching task of the circuits. Measured in megahertz (MHz) or gigahertz (GHz), clock

CLOSED POSITION

A investment transaction with both an executed buy and executed sell order, posting either a profit or a loss. This is in contrast to an open position.

CLOSELY HELD CORPORATION

(1). A firm whose shares are owned by a small group of investors or family. (2). A firm with a number of its shares owned by non-employees or the public that is

CLOSING RANGE

The highest and lowest prices transacted for trades occurring at market close.

COASE’S THEOREM

Concept that the best economic efficiency occurs with unfettered allocation and open trade in property rights. It proposes that the essential point is ownership of everything by someone and that who owns

COEFFICIENT

1. In Mathematics, it is a number or other known factor, typically a constant, by which another number or factor, typically a variable, is multiplied. For example, in the equation ax2 +

COLIFORM COUNT

Water contamination test, counting colonies of coliform-bacteria Escherichia coli (E. coli) per 100 milliliter of water. The counted result is expressed as ‘Coliform Microbial Density’ and indicates the extent of fecal matter

COLLATERALIZED MORTGAGE OBLIGATION (CMO)

A SECU RITIZATION structure that repackages pools of MORTGAGE BACKED SECURITIES, WHOLE LOANS, or mortgagebacked STRIPs into TRANCHES with specific RISK and return (YIELD) profiles. CMO structures are available in many different

COLUMNAR JOURNAL

Record book of accounting transactions. To facilitate the entry of numbers, the journal is divided into columns.

COMMERCIAL BLANKET BOND

Coverage for employees the employer must provide. Any loss is covered no matter how many were involved in the loss.

COMMITTED FUNDING

A financing facility provided by a BANK to a borrower, which cannot be withdrawn unless the borrower breaches COVENANTS or other terms of the facility; this means the bank must provide funds

COMMON DESIGN

The intent to commit a crime or to help another in committing a crime.

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