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

Category: C

CARRIED DOWN

Written at the end of an account to show that an amount has to be taken down to the beginning of the next account lower down the same page of the account

CARTOGRAM

A map in which some thematic mapping variable

CASH AVAILABLE TO INVEST

The amount, including cash on account and balances due soon for outstanding transactions, that a client has available for investment with a broker.

CASH COST

When a company sells something such as a stock to raise quick profits.

CASH FLOW PER SHARE

Calculated by dividing the cash flow by the number of shares issued by a company. The cash flow per share serves as the basis for calculating the price/cash flow ratio.

CASH OVERDRAFT

Allowing a credit balance on a cash account, such as when $100 is taken from an account that has only $75, leaving a liability on the balance sheet the difference of $25.

CASH-AT-EXPIRY OPTION

A BINARY OPTION that grants the buyer a payoff at expiry equal to a fixed cash amount if the price of the UNDERLYING market reference exceeds the STRIKE PRICE or BARRIER at

CATASTROPHE

Incomprehensible loss and damage to life and assets having immense consequences.

CENTREX

CENTRal EXchange. Telephone company service that renders obsolete the need of buying, maintaining, and upgrading a private branch exchange (PBX). Essentially, Centrex service consists of ordinary trunk lines with several features added

CERTIFICATE OF OWNERSHIP

A title to an asset, such as a share certificate, is certified by an authorized agency with this objective evidence.

CHAIN-STYLE BUSINESS

A member of a Franchise chain in which a franchisee operates under the franchisor’s brand or trade name and becomes a unit of the franchisor’s business.

CHANGE OF BENEFICIARY PROVISION

One or more statements that allows for changing the beneficiary as often as desired by the insured, versus a policy where the beneficiary is irrevocable. For an irrevocable beneficiary, the beneficiary must

CHECK PRINTING CHARGES

A fee for ordering the printing of company checks. It is an expense and is reported on a company’s balance sheet.

CHICAGO STOCK EXCHANGE (CHX)

A regional stock exchange founded in 1882. Originally, it began as an open outcry auction system. Currently, the CHX is seeking approval to migrate to a totally electronic trading system from the

CHOICE NO-FAULT PLAN

Under a no-fault plan provided by the state, it is the choice of coverage by a vehicle owner.

CICERO (CC)

Typographic measure equal to 4.51 millimeters divided into 12 Didot. It is used in mainland Europe, but not in UK, US, or elsewhere.

CLAMSHELL PACKAGING

Two clear and thin hinged-halves of a plastic shell that open and close like a clamshell.

CLASSICAL ECONOMICS

School of economic thought promoting the notion that economies do best if everyone can pursue one’s own self interest with free and open competition. Several 18th and 19th century British economists from

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