Category: C

Synthetic substances, composed of carbon, hydrogen, and chlorine atoms. Some examples are chlorinated fluorocarbons (CFSs), chlorinated hydrocarbons (CHCs), and carbon tetrachloride. The chlorine in these compounds makes them resistant to degradation by

The name awarded to the tunnel connecting the UK to France. The Chunnel is 31.4 miles (50.5km) long and courses under the English Channel, It begins at Folkstone, Kent in England to

1. A legal assertion; a legal demand; Taken by a person wanting compensation, payment, or reimbursement for a loss under a contract, or an injury due to negligence. 2. Amount a claimant

NFPA classification for fire due to or engulfing metals that burn, such as lithium, magnesium, potassium, sodium, titanium, and zirconium. These can be extinguished by eliminating air supply and smothering the fire.

The repayment, to RECEIVERS of a company in BANKRUPTCY, of any PREFERENCE payments, or monies deemed to have benefited one party at the expense of others during the period of FINANCIAL DISTRESS.

Issuer of a debt instrument requiring the action of liquidating the instrument before full amortization. When the outstanding principal is less than 10% of the original debt, this action is often triggered

Governor’s or president’s power to pardon a person convicted of a criminal offense or to commute the related sentence. A specially appointed committee is accountable for recommendations.

Same meaning as closed competitive bidding.

Available goods in complete sets only and not sold as individual pieces. There is no guarantee that the stock will be replenished when inventory is depleted. This is in contrast to open

A contractual agreement where an institution and a COUNTERPARTY in DEFAULT agree to ACCELERATION, termination, and NETTING of all financial transactions. See also PAYMENT NETTING, SETOFF.

Higher-than-discount airfare that allows penalty-free changes and refunds.

A special-purpose computer language developed in 1960s. The US Department Of Defense collaborated with computer manufacturers to develop COBOL for doing administrative reports. It stands for COmmon Business Oriented Language.

A simple rough measure of relative dispersion in probability distribution. Written as a ratio of standard deviation to mean. It serves mainly as a measure of relative risk. Known also as Pearson’s

A person or firm who shares in the loss as document in an insurance policy.

Cooperative organization with a goal of completing a project or solving a problem for learners of varied abilities and interests to work together as small groups.

Items such as antiques, art, books, coins, that are rare and valuable, bought for their potential future worth as an investment. This worth usually increase in inflationary times and deceases in deflationary

The monies generated by the project financed by the bond, as well as backed by the ‘full faith and credit’ of the government agency that generated the bond are the remuneration sources

Business insurance protecting against loss that cannot be predicted or prevented.

A good that is sold freely to the public. It can be agriculture, fuel, or metals. It is traded in bulk in the commodity or spot market.

When many firms gather through a single goal. It can be shared employees and management, shared profits or loss, or ownership. If they seem to be bonded than it is sometimes assumed.