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

Category: C

CERTIFICATE OF CLASSIFICATION

Shipping classification that the confirming organization decides for a class of a registered vessel is documented on this certificate.

CHAIN REACTION

A self-sustaining continuance of action in a chemical, nuclear, or other process where an accelerating progression of one or more reactions magnifies the action ‘s results. An explosion is an example of

CHANGE IN DEMAND

A shift in units purchased reflected over time as a demand curve of a product or service. It can be caused by shifting trends or new competition. This can lead to altered

CHECK GUARANTEE

A guarantee of payment of a check up to the amount specified on the check that is provided to the party accepting the check when following bank-prescribed procedures. This is a service

CHEMICAL NAME

Registered scientific name given to a chemical. This is in accordance to procedure using the nomenclature system developed by an authoritative agency like the International Union Of Pure & Applied Chemistry, Chemical

CHICAGO BOARD OF TRADE (CBOT)

An exchange for the trading of futures and option contracts on agricultural commodities, financial products, and industrial and precious metals. The CBOT began in 1848 as an open outcry auction for agricultural

CHIPBOARD

Low-density paperboard with 0.15 millimeter thickness (0.006 inch) or more. Commonly used for making partitions for boxes and one or more central plies of a fiberboard. Typically made from recycled paper stock

CHRONOLOGICAL FILING

Organizing and ordering documents and records in a dated sequence. This sequence can by according to their date of receipt, or date and time of their creation. The item youngest-by-date is usually

CIVILIAN NONINSTITUTIONAL POPULATION

US civilians, 16 or older, who are not in a institution, such criminal, mental, or other types of facilities, or an active duty military personnel. Civilian unemployment rate is included in the

CLASS-B FIRE

NFPA classification for fire due to or engulfing flammable or combustible liquids, gases, gasoline /petrol, grease, oils, paints, and the like. These materials can be extinguished only by eliminating air supply and

CLASSIFIED STOCK

Separate classes of COMMON STOCK issued by a company with each class granting investors a distinct set of RENT RIGHTS and/or CONTROL RIGHTS. Classified stock is often used to increase or decrease

CLEANER PRODUCTION

Manufacturing process minimizing waste and applying continuous prevention practices. These method include (1) raw materials and energy conservation, (2) toxic inputs elimination or reduction, and (3) toxic outputs reduction or elimination.

CLEARING SYSTEM

System based on due process, serving as a tool and mechanism to settle obligations among group members, like banks.

CLOSE PERIOD

The finalizing balance sheet and the firm’s announcement of results to the public is this time period. The time period is typically two months preceding an announcement. Insiders are not allowed to

CLOSED SECTOR

Part of an economy or market whose access excludes new entrants or foreigners.

CLOSE-OUT

The process of establishing an equal and opposite DERIVATIVE position in order to neutralize or offset the RISK of an existing position. Although the closeout cancels the effects of risk, it grosses

CLOSURE

1. Device that closes or seals an opening of a container or area. A container closure is held in place typically by a screw thread, is plugged in, or snaps over. 2.

COAT-TAILING

The practice of replicating the investment strategies of institutional investors who are known, or believed, to have exhibited good performance. Also known as PIGGYBACKING See also TAILGATING COD See CASH ON DELIVERY.

COEFFICIENT OF PERFORMANCE (COP)

Ratio of realized work or useful output per the amount of supplied effort or energy input. It is used typically as a measure of the energy efficiency. It is the basis for

COILS

Bar or sheet steel curled in large rolls to store more easily and ship more securely.

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