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

Category: C

CERTIFICATE FOR PAYMENT

Document as a statement of evidence that the noted work has been completed, was verified by an architect, engineer, or owner of a construction project, and is approved for payment by the

CHANGE IN ACCOUNTING PERIOD

Change to a longer or shorter financial reporting period or a change to a different date for closing of accounts. It generally requires prior approval of taxation authorities.

CHARITABLE FOUNDATION

Public or private trust that manages a charity, but is itself not a charitable organization. No trustee, trustor, or member can take monies as pay from the income generated by a charitable

CHECKWRITING PRIVILEGE

Certified right to write checks against the amount held in a mutual fund. It is a service offered to account-holders. A minimum value for a written checks against an account is typically

CHEMNET

Organization for emergency response specifically for chemical situations, contracted to provide chemical hazard related information on a 24-hour basis, organized by the collective of US chemical shippers and contractors.

CHILD SUPPORT

A method of compensating a parent needing monies for raising and sheltering a child by another who has the means to manage the expenses associated with child support. A court of law

CHRONIC FAILURE

Failure occurring rather often in a system that takes just a little time to correct. Chronic failures are typically low-impact and seemingly low-cost events. However, over the life of the system, these

CIRCULATION EXPENSES

Financial expenses for the developing, maintaining and increasing circulation of a periodical. Associated financial expense for the circulation of a periodical activities of creating, maintaining and increasing sales.

CLASS ‘C’

A rating typically given to property that generate a lower-than-average rent per square foot. These properties are physically acceptable but have few amenities.

CLASSIFIED ADVERTISEMENT

Grouped small messages. Put under a specific headings and classifications. Such groupings are automobiles, employment, real estate, seen in a separate section of a newspaper or magazine. These relatively small and cheap

CLEAN PRICE

Securities market term. A price of a bond that excludes the interest accrued on the bond. Price et al is quoted and documented. However, a buyer must pay the quoted price plus

CLEARING BANK

In the United Kingdom, a large retail or wholesale commercial BANK. See also HIGH STREET BANK.

CLIPPER CHIP

Designed by the US government, it is a stealth chip. Proposed by the US government to be installed in all data communication devices as a national security measure. How this chip works

CLOSED LOOP RECYCLING

Production system using the waste or byproduct of one procedure or product to make another product. Example: newspapers are recycled into paperboard or other types of paper.

CLOSED-END TRANSACTION

A transaction with extended credit for a specific amount over a specific period available only once . The money credited must be fully repaid within that period. An example is a car

COACHING

Extending traditional training methods to direct the focus on (1). an individual’s needs and accomplishments, (2). Using close observation, and (3). Improving performance by impartial and nonjudgmental feedback.

CODEX ALIMENTARIUS COMMISSION

United Nations commission responsible for the drafts of food and hygiene standards. These are non-binding, voluntary standards that become enforceable only through acceptance as national standards by the member countries. The Food

COGNIZABLE

Capable of being seen as a member of a unique group by the common characteristics shared with other members.

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