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

Category: C

CLIFFORD TRUST

US living trust set up for a period longer than ten years. the trust terminates at the end of the period, and the trust property, typically income producing assets, is returned to

CLOSED DATING

A required system of coding products for controlling inventory and tracking product movement in commerce. Managed by the manufacturers. Closed dating codes are typically not available to consumers. Consumers see open dating

CLOSED-END INVESTMENT COMPANY

A type of regulated investment firm with a limited number of shares available, as listed on a specific exchange, making the stock a closed-end fund.

CLOSING DOWN POINT

Level of output in the short term where production marginal cost equals average variable cost, and the basis to stopping production.

CMR

Standardized document required for cross-border transport of cargo by road. It is based on UN recommendations for standardized international rules and is in force in the European Union. CMR it the acronym

CODETERMINATION

Agreement to appoint worker representatives for participation in the firm’s decision- making processes on a firm’s board of directors .

CO-FINANCING

Collaborative financing of the same project by two or more banks or other lending institutions.

COLD MARKET

Unknown prospects not a part of the salesperson’s ‘warm market.’

COLLATERAL TRUST BOND

Securities of subsidiary firms typically from holding firm or against its own bonds or other obligations by an investment trust . Short term debt security. Known also as collateral trust certificate or

COLLISION DEDUCTIBLE

Amount an insured pays out-of-pocket and deducted from an awarded insurance claim. This is typically a fixed sum, or a percentage of the total claim amount set when claiming insurance for a

COMMERCIAL UNIT

The amount an item can be sold as a single unit. The character of the item must remain uniform and remain usefull as well. Or the amount or unit of measurement.

COMMON CARRIER

1.a company offering services to the public over wires or satelite systems. 2. a transporter that serves all public, follows a schedule, carries specified cargo, and is the carrier of the contract

COMPANY UNION

A union that is fake. The employer can prevent the organization of a real union. AKA house union.

COMPENSATING BALANCE

A noninterestbearing demand DEPOSIT placed by a customer with a BANK to compensate for LOANS or other services granted.

COMPETITIVE INTELLIGENCE

Constantly checking the firm’s market for competitors, activites, affect, and the response. It is legal and uses information free to the public.

COMPETITOR

Any party that is a rival. It can be a company. It helps keep prices low and products efficient.

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