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

Category: C

CASH BASIS ACCOUNTING

Two primary accounting methods, cash and accrual basis, are used to calculate taxable income for U.S. federal income taxes.

CASH DISBURSEMENT

Any moneys (e.g., checks, cash, warrants, credit or debit card amounts, and EFTs (Electronic Fund Transfers) paid by the state during a period regardless of when the related obligations are incurred.

CASH FLOWS FROM FINANCING ACTIVITIES

Cash flow that is generated (or reduced) from the sale or repurchase of securities or the payment of cash dividends. It is the third section presented in the statement of cash flows.

CASH POOLING

Combining of securities and cash to maintain solvency by a company seeking to avoid expensive damages.

CASHOUT

1. Using a larger loan to pay off a smaller loan. 2. Converting an asset into cash by the sale of that asset.

CATCH LINE

An important part of branding or identification or image. A simple, catchy phrase usually tied to a logo or brand; Embodies the appeal or purpose of a firm or a product; when

CENTRAL BANK

Empowered by the national government to manage and execute key monetary functions: (1) issue, manage, and preserve the value of the country’s currency; (2) regulate the money supply; (3) supervise and provide

CEO CONFIDENCE SURVEY

A monthly survey of one hundred CEOs across the United Sates in various industries. It is a measure of the economic future as seen by these CEOs. The data collected is their

CERTIFICATE OF SUBSTANTIAL COMPLETION

When a certain construction project is near to fulfilling the terms, conditions, and specifications of the job contract, an authorized architect and/or an engineer certifies this condition by issuing this document and

CHANGE FEE

An amount charged or levied for the altering of a material, condition, or requirement in a concluded arrangement such as an already purchased airfare ticket.

CHAPTER 13

A much-disliked section of US bankruptcy code that specifies a court appointed trustee or receiver collects a debtor’s future earnings that are then paid to unsecured creditors.

CHECKED BAGGAGE

Before boarding an aircraft, this is a traveler’s luggage given to the baghandlers of the airline . This luggage is expected to be carried in the cargo compartment of the same aircraft

CHEMICAL TREATMENT

Processes and technologies that use chemicals or chemical processes to alter the existing condition of materials or wastes or environments.

CHIEF KNOWLEDGE OFFICER (CKO)

Highest ranking executive accountable for disbursing appropriate knowledge to various levels of a firm in support of the firm’s requirements and strategically goals. This executive (1) recognizes corporate knowledge as an live

CHROMIUM

Element essential to the manufacture of stainless steel in alloying. It increases the corrosion resistance and hardenability of steel. When added as 12 to 20 percent by weight, together with carbon, it

CIRCULAR CAUSATION

An action that is controlled or affected by its own status-change or result This is a common situation in complex systems that have several interconnected causes and effects.

CLASS A SHARES

Common stock providing more voting rights than Class B Shares. The voting rights are spelled out for each class of stock in the firm’s prospectus. See also B Shares; Preferred Shares; Restricted

CLASSICAL SCHOOL OF MANAGEMENT

Management school of thought. It is based on the belief that job satisfaction for employees come only with satisfying economical and physical needs. Social needs and need for esoteric job satisfaction either

CLEAN FLOAT

Systems of floating-exchange rates. The worth of a currency is set with no government interference entirely by the forces of market demand and supply. Contrast to dirty float. Known also as pure

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