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

Category: C

CHURN RATE

The Contrast to customer retention rate. The higher a churn rate is, the lower a customer retention rate is, and vice versa.

CLAIMS OCCURRENCE BASIS

Determination of whether a CLAIM is covered by an INSURANCE contract. If the contract is written on a claims occurrence basis and a claim arises from an event when the policy is

CLASSICAL DICHOTOMY

The notion that changes to the variables that affect monetary values will not impact real values such as interest rates, employment, industrial output. This is a classical economic concept.

CLAYTON ACT

Amended antimonopoly provisions of the Sherman Act of 1890 by US federal legislation in 1914. It includes the prohibition of (1) price discrimination and tying agreements, (2) sales based on exclusive-dealing contracts,

CLEANUP MERGER

Consolidating by the purchasing firm of the purchased company. Known also as takeout merger.

CLICK THROUGH RATE (CTR)

Website’s users (or visitors) percentage that get to the advertiser’s website by clicking on an advertisement residing on another site. Advertisers use CTR to rate a website. The rate typically ranges from

CLOSED CIRCUIT

1. Electrical circuit with live electric current flowing through it. 2. Limited area transmission of audio and/or video signals in a conference hall, hotel, or home. Area monitoring and security scrutiny use

CLOSED SYSTEM

An isolated system with no interaction or interface with any external environment. Recognizing a closed systems externally comes only from its outputs that are not dependent on the system being closed or

CLUB FLOOR

Premium-priced hotel floor with superior service and security. Known also as concierge floor.

CO-BRANDING

In internet commerce, this is two firms collaborating to market a good or service. In co-branding, a website owned by one firm with a significant visitor or user base is used to

COEMPLOYMENT

Term for the situation where an employee is equally employed by two legally distinct employers.

COKE

1. From coal: This is pressed solid carbon and flyash residue, resulting from the destructive distillation of bituminous coal, baked in the absence of oxygen in an oven to burn off volatile

COLLECTION

1. In General, this is a process for recovering delinquent amounts owed to a firm by a customer. 2. In Banking: this is the (1). presenting a check or draft as payment,

COMMODITY EXCHANGE

A marketplace where the titles to commodoties are traded. They are examined and graded and sold before their expiration date at close out rates. There are metal, fuel, soft, and currency commodities.

COMMUTED VALUE

The money set aside for the interest rates to cover pension funds in the future. With lower interest you set more aside. Vice Versa.

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