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

Category: C

CLASSICAL GROWTH THEORY

Theory promoting the notion that economic growth ends when a population increases. Supporters of this theory believe that the population increases as the gross domestic product increases. This population growth increases demand

CLAYTON’S CASE

Established the precedent of funds withdrawn from an account are presumed to be debits from the funds deposited in a first-in, first-out (FIFO) principle-based fashion. UK’s 1816 case of Devaynes v. Noble.

CLEANUP REQUIREMENT

Stated to prevent a borrower from using a line of credit as permanent and ongoing financing. Would likely result in the borrower having to pay off the line of credit balance and

CLICKSTREAM

Mouse clicks or keystrokes a user makes in sequence or as a ‘flow’ while navigating through webpages or websites. Web advertisers custom-tailor their advertisements to this specific customer, by determining the user’s

CLOSED CONTRACT

Unchangeable contract unless by mutual consent of all parties. Contact terms constitute the entire agreement between the contracting parties. An insurance contract, for example, is a closed contract. A construction contract may

CLOSED TRANSACTION

1. Financial transaction finalized during an accounting period. 2. Any transaction finalized for all of its tasks.

CLOSING BELL

The signal of a ringing bell ending the regular trading day on an exchange. The honor of ringing the closing bell of an exchange is often celebrated as a notable event when

CLUSTER SAMPLING

Survey method in which groups or clusters of sampling units are selected from a population for analysis. Individual units are part of the cluster, but not individually surveyed.

CODEN

Unique six-character alphanumeric code permanently identifying a serial publication, such as a journal or magazine, or a non-serial publication, such as a dissertation or thesis. Examples are JECLB3 as the Coden for

COERCIVE INCENTIVE

The reason to act or behave in a certain unwanted manner under coercion. It is reasonable expectations of the use of physical force or execution of abused authority. It would be applied

COLD DRAWING

Procedure step in bar, tube, or wire manufacturing where a metal rod is pulled through a die without preheating. Cold drawing alters the mechanical properties of the metal and leaving the final

COLLATERAL ASSIGNMENT

Assigning an asset whose ownership rights are moving only as an additional security for a loan. These rights will revert to the assignor when the loan is repaid. Refer also to assignment

COLLECTIVE RESPONSIBILITY

Every member’s responsibility regardless of an individual member’s involvement in decisions or the member’s position or rank. Refer also to consensus and doctrine of individual responsibility.

COMMERCIAL PAPER FUNDING PROGRAM (CPFP)

Created in October 2008 it creates more liquidity on commercial paper market assets. It funds issuers and is back up via the Special Purpose Vehicle. Its goal is to make funding easier

COMMON ACCIDENT CLAUSE

A rule in insurance where the payable amount is limited to a maximum numbe of people with injuries.

COMMON GOOD

The best interest of a company. The good of the whole company is only as good as it is for the indivual.

COMPACT DISC (CD)

A disc that is recordable on one side. Data is stored on rings that are cut by laser. Up to 700 mb can be stored on it. the Dutch firm Phillips invented

COMPANY SEAL

A stamp or embossed emblem that represents the company and its legal name. It shows authorization and can be made of rubber or metal.

COMPARISON UNIVERSE

A portfolio used to rate the work of a manager to keep the competition up. The effectiveness of this is not confirmed.

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