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

Category: C

CANCER

The disease caused by an uncontrolled division of abnormal cells in a part of the body.

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 LABOR

Temporary or part-time employment to perform various services.

CAUSE AND EFFECT ANALYSIS

A method leading to the listing of all possible reasons and outcomes associated with a particular problem or situation. It is a group process direct at uncovering possible or probable causal factors

CENTRAL TENDENCY ERROR

Commonly known as the tendency of managers and interviewers to rate all or most of the employees or interviewees as average. A term in performance appraisals or recruitment interviewing process.

CERTIFICATE OF AUTHORITY

To license the operation of a health maintenance organization, the state issues this type of certificate.

CERTIFIED PART

A designated authority approves or certifies that an equipment or machine part was manufactured to the required specifications by a certified manufacturer by issuing this document.

CHANGE IN CONTROL

Condition of a power shift. Arises when a firm is acquired by another firm or when an existing or new stockholder acquires majority or substantially large stockholding.

CHEAPEST-TO-DELIVER (CTD)

The cheapest of a series of ASSETS that are eligible for DELIVERY under an EXCHANGETRADED DERIVATIVE contract; the seller selects from the list of deliverables to determine the asset that will yield

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