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

Category: C

CLOSED POSITION

A investment transaction with both an executed buy and executed sell order, posting either a profit or a loss. This is in contrast to an open position.

CLOSELY HELD CORPORATION

(1). A firm whose shares are owned by a small group of investors or family. (2). A firm with a number of its shares owned by non-employees or the public that is

CLOSING RANGE

The highest and lowest prices transacted for trades occurring at market close.

COASE’S THEOREM

Concept that the best economic efficiency occurs with unfettered allocation and open trade in property rights. It proposes that the essential point is ownership of everything by someone and that who owns

COEFFICIENT

1. In Mathematics, it is a number or other known factor, typically a constant, by which another number or factor, typically a variable, is multiplied. For example, in the equation ax2 +

COLIFORM COUNT

Water contamination test, counting colonies of coliform-bacteria Escherichia coli (E. coli) per 100 milliliter of water. The counted result is expressed as ‘Coliform Microbial Density’ and indicates the extent of fecal matter

COLLATERALIZED MORTGAGE OBLIGATION (CMO)

A SECU RITIZATION structure that repackages pools of MORTGAGE BACKED SECURITIES, WHOLE LOANS, or mortgagebacked STRIPs into TRANCHES with specific RISK and return (YIELD) profiles. CMO structures are available in many different

COLUMNAR JOURNAL

Record book of accounting transactions. To facilitate the entry of numbers, the journal is divided into columns.

COMMERCIAL BLANKET BOND

Coverage for employees the employer must provide. Any loss is covered no matter how many were involved in the loss.

COMMITTED FUNDING

A financing facility provided by a BANK to a borrower, which cannot be withdrawn unless the borrower breaches COVENANTS or other terms of the facility; this means the bank must provide funds

COMMON DESIGN

The intent to commit a crime or to help another in committing a crime.

COMPANY CODE

The software used to identify a business. It is decided based on tax laws, commercial laws, and financial criteria. It can be a dependent or independent.

COMPARATIVE ADVANTAGE

The idea that a country should make products that can be made cheaply and efficiently. Each country has its own special assets and resources that can benefit their trade partners.

COMPENSATING ERROR

An error in accounting that is fixed by another error. They are hard to find. Sometimes they are done on purpose.

COMPETITIVE

An offer that is just as good as what else is out there and is an attractive buy.

COMPLACENT

The state of being unmotivated to move position or attitude.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.