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

Category: C

CLOSED LOOP MRP

A manufacturing resource planning system (MRP). It manages products returned by retail stores, or products that failed the manufacturer’s quality control standards. This system tracks purchasing plans against the list of products

CLOSED-END LOAN

Type of consumer installment loan where the borrower cannot alter the (1). number and amount of installments, (2). maturity date, and/or (3). credit terms. Known also as closed end credit. This is

CLOSING OPERATIONS

Accounting tasks by a firm to reconcile expenses and monies, update balance sheets, post profit and loss statements, and transact other necessary filing documents. Closing operations are categorized into three main periodic

CNN EFFECT

A news-media effect or influence on government decision-making and/or consumer spending. First recognized and widely used during the Persian Gulf War, the term suggests that consumer spending slows down during catastrophic events

CODEX ALIMENTARIUS

Voluntary standards as an international code governing food additives, pesticide residue, veterinary drugs, and other items that affect consumer food safety. The codex promotes fair practices in food trade by its rules

COGNITIVE CONSONANCE

From compatibility within a person’s attitudes, behavior, beliefs, and/or knowledge, there arises an internal consistency and from that, a state of harmony. Contrasts with cognitive dissonance.

COLD ROLLING

Procedure of metal forming, altering the shape and/or structure of through drawing, extruding, hammering, pressing, rolling, spinning, and/or stretching. This procedure occurs at temperatures below the steel’s recrystallization point, typically room temperature.

CO-LOAD

More that one shipment from more than one shipper with the same destination , combined as one load for shipping.

COMMAND LINE

A line that the user can enter a command into to get a response.

COMMINGLING

1. when cash and personal funds are mixed for a firm. The tax authorities find it dangerous and make the offender liable for a firms loss. 2. putting many items together so

COMMON CAUSE

A change that is caused by random and is in every process no matter what. It is traced to management.

COMMON LAW PROPERTY

The way a spouse’s ownership is decided when a marriage occurs. Joint purchases are kept together but separate ones are kept separate. Should a death or divorce occur it is helpful.

COMPANION BOND

A TRANCHE of a COLLATERALIZED MORTGAGE OBLIGATION that accompanies PLANNED AMORTIZATION CLASS (PAC) BONDS and TARGETED AMORTIZATION CLASS (TAC) BONDS. The companion serves to absorb PREPAYMENT RISK, giving PACs and TACs greater

COMPETITION COMMISSION (CC)

A UK body established in 1998 that ensures antiMONOPOLY and free competition rules are upheld, particularly as related to MERGERS and ACQUISITIONS. The work of the Commission is nonbinding and must be

COMPETITIVE NEGOTIATION

A way to request proposals from contractors. The contract is sent in and negotiations begin. If the bid doesn’t match than another is considered. The process is done when the winner is

COMPETITOR ANALYSIS

Identifying the competitions weakness and strength and using that your firm’s advantage in the market.

COMPLETION

When the project itself repays the loans. Before a contract is done the sponsor is the source of cash flow.

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