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

Category: C

CUTOFF DATE

The date past a discount or offer is available. The terms are no longer applicable at this date.

CYCLICAL STOCKS

An industries shares that is subject to economic changes. They profit when the economy is good but fall when it is bad.

CALCULATED

Carefully planned or intended or (of an amount or number) mathematically worked out or measured.

CALL LOAN RATE

The rate of interest a bank charges a brokerage firm on collateralized loans for its margin account clients. The call rate is published daily in the Wall Street Journal.

CALL PROTECTION

Time during which a security, with a call provision, cannot be redeemed by the issuer. Corporate and municipal issuers typically have a call protection period of 10 years.

CAMERA READY

(Of matter to be printed) In the right form and of good enough quality to be reproduced photographically onto a printing plate.

CANDLEPOWER

A now-obsolete unit which was used to express levels of light intensity in terms of the light emitted by a candle of specific size and constituents. In modern usage Candlepower equates directly

CAPACITY OVERHEAD EXPENSE

Factoring costs such as insurance, property tax, rent, etc that are associated with owning/operating a specific facility.

CAPTIVE AUDIENCE

An audience that is stationary and remains in view of a screen for a period of time. Examples include transport (taxis, buses, trains etc.), in-flight advertising on seat-back entertainment systems, overhead storage

CAREER ASSESSMENT

Tests that are designed to help individuals understand how a variety of personal attributes.

CARRYBACK

A carryback loan, also known as a seller carryback or seller’s second, is a loan which is financed by the seller of a property. Normally this aids in the completion of the

CASH AGAINST DOCUMENTS (CAD)

A standard, commercial letter of credit (LC ) is a document issued mostly by a financial institution, used primarily in trade finance, which usually provides an irrevocable payment undertaking.

CASH COLLATERALIZED DEBT OBLIGATION

(CDO) A COLLATERALIZED DEBT OBLIGATION that is created on a funded basis through the use of actual DEBT securities rather than CREDIT DERIVATIVE contracts. A cash CDO may be structured as a

CASH EQUIVALENT DOCTRINE

Generally, a cash-basis taxpayer does not report income until cash is constructively or actually received.

CASH METHOD

A method of accounting for charging costs as an expense when incurred and acknowledging a collection when made as revenue.

CASH SURRENDER VALUE

The amount an INSURER is required to return to the INSURED if an INSURANCE contract with savings features is cancelled prior to maturity.

CASUAL LABORER

Temporary or part-time laborer who performs various services. An hour or a day is the typical work duration.

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