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

Category: C

CAPTIVE PRODUCT

A product made specifically to be used with another, such as a refill with a ball-point pen, a blade with a razor, a battery with a torch, etc.

CARBON TRADE

A trading system for countries, companies and individuals designed to offset carbon emissions from one activity with another, whereby those who cannot meet their emissions goals may purchase credits from those who

CAREER PLANNING

The combination of structured planning and the active management choice of one’s own professional career.

CARRIED FORWARD

It means transfer of balance to new page or next day starting point of account or next month’s starting point of account’s balance.

CARTON

A light box or container, typically one made of waxed cardboard or plastic in which drinks or foodstuffs are packaged.

CASH AWARDS

An award given to an employee or contestant in the form of cash. Cash awards can either be the only award option or taken in lieu of a tangible item.

CASH COVER

Derivatives position, such as a written option contract, where the option writer meets their margin obligations with cash.

CASH FLOW PLANS

A method that an insured can use to control the premium payments that they must make on their policies.

CASH PAYBACK PERIOD

Period needed for full capital recovery for an investment, estimated in years and months.

CASH-AT-HIT OPTION

A BINARY OPTION that grants the buyer an immediate payoff equal to a fixed cash amount once the price of the UNDERLYING market reference breaches the STRIKE PRICE or BARRIER. See also

CATASTROPHE EXCESS REINSURANCE

Catastrophe insurer reinsurance type. Catastrophe is categorized at magnitude, such as an earthquake or hurricane; creates total loss;

CEILING EFFECT

The factors or constraints triggered as higher levels, values, or scores occur. It is often due to the lessening levels of difficulty to highest scoring individuals. It lessen the possibility of measuring

CENTRONICS INTERFACE

Standard 36pin parallel port connection interface for a computer and printer. Developed by the Centronics printer company, which is now defunct, it is now governed by IEEE 1284B protocol, and slowly being

CERTIFICATE OF PARTICIPATION (COP)

When investors buy a lessor’s ownership interest to share in the income from the leased asset and in the associated tax advantages in proportion to their investment, the Lease arrangement is document

CHAKU CHAKU

The manufacturing process of a single-piece where a single worker walks the piece from one workstation to the next, setting up and operating each machine from beginning to the end of the

CHANGE OF CONDITION CLAUSE

One or more statements in insurance contracts requiring that all conditions detailed in the application by the applicant must still hold true when the policy is delivered for an insurance policy to

CHECK ROUTINE

The checking or testing of a procedure, process, or system, at regular and methodical intervals, to evaluate and report operational conditions at that interval.

CHEMICAL STABILITY

Molecular characteristic of a chemical or compound. The tendency of a material to resist change or decomposition in its natural environment or when exposed to air, heat, light, pressure, or other natural

CHIEF EXECUTIVE OFFICER (CEO)

Top executive in a firm who is responsible for a firm’s overall well-being in terms of operations and performance. The hired leader of the firm, serving as the main link between the

CHOICE OF LAW CLAUSE

Contract provision specifying the governing jurisdiction over disputes arising from or relating to this contract.

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