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

Category: C

CONTINUING OPERATIONS

The act of keeping day to day transactions going for the current year and the ones to come.

CONTRACT ACTION

Any agreement, either written or oral, that changes a contract. AKA contracting action or contracting activity.

CONTRACT FOR SALE OF LAND

Agreement that contains all the conditions agreed upon by all parties involved. It has to be written and should include the buyer. See, How Does A Land Contract Work?

CONTRACT OF CARRIAGE

Binding contract (usually demonstrated by any airway bill, lading bill, or ticket of a passenger) which includes terms of transportation that state the duties and privileges of a transporter and a passenger/shipper.

CONTRACTUAL INTERMEDIARY

Any entity, like financial institutions which enables a financial agreement between parties. For example, a bank providing mortgage, enabling buying and selling of properties between individuals. The privileges, responsibilities, and remuneration of

CONVERTIBLE PREFERRED STOCK

A class of PREFERRED STOCK that allows the investor to convert it into a specified number of shares of COMMON STOCK once a conversion price is reached. Convertible preferreds pay DIVIDENDS rather

CORRELATION RISK

The RISK of loss arising from a change in the historical relationships, or CORRELATIONS, between ASSETS. Correlation risk can be found in certain COMPLEX OPTIONS and COMPLEX SWAPS and may also impact

CRACK SPREAD

A SPREAD in the energy market reflecting the price differential between crude oil and a refined product, generally gasoline or heating oil; the spread can be traded through a single FUTURE or

C-SHARE

An Investment Trust being a corporate legal entity, may issue C shares (or

CUTTING THE MELON

Slang term used when a company issues more dividends payment with a previous payment.

CYPHERTEXT

Text or a message that is encrypted into a coded human unreadable form. The input must be decrypted to be read once recieved. It is also written as ciphertext.

CABLE MODEM

A type of modem that connects a computer or local network to broadband Internet service through the same cable that supplies cable television service or the service connection made via a cable

CALL

Shout out or chant (the steps and figures) to people performing a square dance or country dance, cry out to (someone) in order to summon them or attract their attention or summon

CALL ON A PUT

A COMPOUND OPTION that grants the buyer the right to purchase an underlying PUT OPTION from the seller of the compound. The option is generally purchased when the need for the underlying

CALL-BACK PAY

Payments due an employee due to contacting the employee at a time other than the employee’s regular work schedule and requesting the employee to report for work and be ready to perform

CANNING

A method of preserving food in which the food is processed and sealed in an airtight container. The process was first developed as a French military discovery by Nicolas Appert in 1810.

CAPITAL NOTE

A NOTE issued by a BANK or bank holding company that can qualify as TIER 2 CAPITAL. To be included in the Tier 2 computation, the security must be structured as a

CAPITALIZED COST

This is the total selling price of the vehicle you are leasing. There are other fees included like taxes, license fees, and title and acquisition fees.

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