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

Category: C

CLASS-A FIRE

NFPA classification for a fire due to or engulfing ordinary combustible material, such as cloth, paper, plastics, rubber, wood, and the like. These materials can be extinguished using water based or general

CLASSIFIED LOAN

Past-due loan now questionable as able to survive past the recovery of the full principal balance plus accrued interest. Banks identify such loans as poor-performing assets in their account books.

CLEANED IN PLACE (CIP)

Cleaning of equipment in its stationary location while assembled. The equipment is cleaned and sanitized in modern food processing plants by automatic, computer-controlled devices at the appropriate time.

CLEARING MEMBER

An EXCHANGE member that is permitted to clear trades directly with the CLEARINGHOUSE, and which can accept trades for other clearing members and NONCLEARING MEMBERS. CLEARINGHOUSE (1) In the DERIVATIVES market, a

CLOSE MARKET

Narrow profit margins or spread characterized this market. Contrast to wide market.

CLOSED QUESTION

Accompanied by a select set of answers one can choose. Example: Multiple choice questions.

CLOSEOUT

Selling off of discontinued, obsolete, or slow-moving stock, typically through a clearance sale.

CLOSTRIDIUM BOTULINUM

Spore specie of clostridium bacteria that produces the botulism toxin leading to botulism and other serious pathogenic conditions. Notated also as C. botulinum or Clos. botulinum.

COATED STOCK

Paper or paperboard covered with a thin layer of clay that enhances reproduced bright colors in printing.

COEFFICIENT OF CORRELATION (R)

Statistical measure of the linear relationship or correlation between an independent variable and a dependent variable. Represented by the lowercase letter ‘r’, its value of worth varies between 1 and 0, where

COHORT STUDY

Analytical study of a group sharing several similar characteristics, such as habit of smoking or a particular disease. The study group is simultaneously monitored closely over time with another contrasting group, such

COLLABORATIVE BUSINESS INTELLIGENCE (CBI)

To share and institutionalize quantitative structured or qualitative unstructured information by using integrated software, such as Lotus notes or Microsoft Meetings. Such information would otherwise be lost as employees leave the firm,

COLLEAGUE

A known employee or peer in the same profession, business or organization. Known also as coworker.

CO-MANAGED INVENTORY

A specific quantity of a consumable item is stored at a customer’s premises, under agreement by the customer and owner-seller. The item is replaced, with the consent and knowledge of the customer,

COMMON DISASTER CLAUSE

The rule in life insurance stating that the beneficiary must wait a period of time to get their inheritance. It is paid to the estate. AKA survivorship clause.

COMMUNIQU

1. a message or object that is used to communicate. 2.a short report to update the public on a project.

COMPANY DIRECTOR

An elected member on the board of directors. They are responsible for policy but do not have to be a share holder or employee. The decisions made are based on meetings and

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