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

Category: C

CLOSED CIRCUIT

1. Electrical circuit with live electric current flowing through it. 2. Limited area transmission of audio and/or video signals in a conference hall, hotel, or home. Area monitoring and security scrutiny use

CLOSED SYSTEM

An isolated system with no interaction or interface with any external environment. Recognizing a closed systems externally comes only from its outputs that are not dependent on the system being closed or

CLUB FLOOR

Premium-priced hotel floor with superior service and security. Known also as concierge floor.

CO-BRANDING

In internet commerce, this is two firms collaborating to market a good or service. In co-branding, a website owned by one firm with a significant visitor or user base is used to

COEMPLOYMENT

Term for the situation where an employee is equally employed by two legally distinct employers.

COKE

1. From coal: This is pressed solid carbon and flyash residue, resulting from the destructive distillation of bituminous coal, baked in the absence of oxygen in an oven to burn off volatile

COLLECTION

1. In General, this is a process for recovering delinquent amounts owed to a firm by a customer. 2. In Banking: this is the (1). presenting a check or draft as payment,

COMMODITY EXCHANGE

A marketplace where the titles to commodoties are traded. They are examined and graded and sold before their expiration date at close out rates. There are metal, fuel, soft, and currency commodities.

COMMUTED VALUE

The money set aside for the interest rates to cover pension funds in the future. With lower interest you set more aside. Vice Versa.

COMPANY ORIENTATION

The employees first experience in the new job. They are taught history, values, and goals for their new place of employment. They are also educated about the market and products offered. Rules

COMPARISON PRICING

The way a selling price is decided. The other brands are compared to make this figure.

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