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

Category: C

COLLATERAL POWER

the right to dispose of property that is given to a person with no interest in the said property. Also called naked power.

CHECK

a signed document that instructs the bank or financial institution to pay the sum of money stated to the person or organisation whose name is on the cheque.

CAVEATOR

Latin for a person who files an objection such a to that of a will.

CONFIDENCE GAME

This term applies to a swindle where the swindler gains the confidence of the person he is trying to swindle.

CLOSED

This term refers to real estate transactions and the deal is closed when the final agreement has been reached and the deed changes hands.

CLEAR VALUE

the net value that is left after all payments of debts and obligations are satisfied.

COURT RECORD

the official written documentation of what happened during a trial or a hearing.

CRIMINAL PROCEDURE

These are the methods of the law that apply to the apprehension, trial and punishment of the accused.

CERTIFICATE OF PURCHASE

a document that is issued by an official to the successful bidder at a tax sale that gives the bidder the deed on conformation of the sale.

CONSCIENTIOUS OBJECTOR

The term given to a person who refuses to join an armed force because of their training and religious beliefs.

CLOSING AGREEMENT

the settlement of taxes that is between the taxpayer and the government agency charged with collecting the taxes.

CHARTER

the act of legislature that creates a corporation and sets forth its franchise that defines the organisation of a corporation.

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