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

Category: C

CANCELLATION CLAUSE

A clause in a lease or other contract, setting forth the conditions under which each party may cancel or terminate the agreement.

CAPABILITY MATURITY MODEL INTEGRATION (CMMI)

A framework that describes the key elements of an effective product development and maintenance process. The Capability Maturity Model Integration covers best-practices for planning, engineering and managing product development and maintenance. CMMI

CAPITALIZATION (CAP)

Writing a word with its first letter as a majuscule (upper-case letter) and the remaining letters in minuscules (lower-case letters), in those writing systems which have a case distinction.

CAPRICIOUS

Given to sudden and unaccountable changes of mood or behavior.

CARBON CYCLE

The series of processes by which carbon compounds are interconverted in the environment, chiefly involving the incorporation of carbon dioxide into living tissue by photosynthesis and its return to the atmosphere through

CARDBOARD

(of a character in a literary work) Lacking depth and realism; artificial.

CARIBBEAN COMMON MARKET (CARICOM)

An organisation of 15 Caribbean nations and dependencies. CARICOM’s main purposes are to promote economic integration and cooperation among its members, to ensure that the benefits of integration are equitably shared, and

CARROT EQUITY

In the United Kingdom, a COMMON STOCK issue with a KICKER, or extra incentive, which allows investors to buy more stock if certain performance goals are met.

CASEBOOK

A book containing a selection of source materials on a particular subject, esp. one used as a reference work or in teaching.

CASH BUDGET

A budget used to quantify an immediate, short-term cash flow. Reviewing daily, weekly, and monthly expenditures is essential for a resolution to establish credit lines or contemplate investing short-term idle cash.

CASH EARNINGS

A firm’s cash revenues less cash expenses, which excludes the costs of depreciation.

CASH INFLOW

Organizational monetary income, from activities such as operations, investments, and financials.

CASH REGISTER

A financial transaction calculator, typically electronic. Consists of an entry keyboard, possibly a scanner, a drawer design to hold varying denominations of paper and coin cash, and a printer to provide both

CASH-OUT REFINANCE

Refinancing for more money that the mortgaged amount. Done to get money out for other purposes. Based on many points: home value, mortgage value, income of the mortgagee, credit rating of the

CATEGORY MANAGEMENT

Marketing strategy for managing a full line of products instead of the individual products or brands. Managing occurs as a strategic business unit (SBU). The concept’s basis is that the entire product

CENTRAL PROCESSING UNIT (CPU)

The main processor semiconductor chip in a desktop computer. It performs most of the calculation and control functions. It consists of a circuit board in a minicomputer. In a mainframe, it is

CERTIFICATE FOR PAYMENT

Document as a statement of evidence that the noted work has been completed, was verified by an architect, engineer, or owner of a construction project, and is approved for payment by the

CHANGE IN ACCOUNTING PERIOD

Change to a longer or shorter financial reporting period or a change to a different date for closing of accounts. It generally requires prior approval of taxation authorities.

CHARITABLE FOUNDATION

Public or private trust that manages a charity, but is itself not a charitable organization. No trustee, trustor, or member can take monies as pay from the income generated by a charitable

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