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

Category: C

CONVENIENCE YIELD

The nonmonetary return that is derived from holding an ASSET, such as not facing a shortfall in the event of excess demand. The existence of a convenience yield creates an incremental return

CORPORATE CONTROL MARKET

The broad marketplace for trans actions that are designed to change the ownership, structure, and/or control of a company. Common corporate control transactions include MERGERS, friendly or HOSTILE TAKEOVERS, LEVERAGED BUYOUTS, and

COUPON

The periodic CASH FLOW payable by an issuer or borrower to an investor or lender for the use of DEBTbased CAPITAL. Coupon payments may be based on fixed or floating INTEREST RATES,

CROSS-ASSET HEDGE

Aproxy or substitute HEDGE that is used when an exact replicating hedge is not available, generally by identifying a contract (e.g., a DERIVATIVE) that has a high degree of CORRELATION with the

CUTANEOUS HAZARD

A substance that causes skin damage, defatting, dermatitus, irrititation, and rashes.

CYCLICAL STOCK

A security that is issued based on the companies economic trends. It is better when the economy is better and declines when the economy does. Compare this term to Noncyclical stock.

CALCULATE

Determine (the amount or number of something) mathematically or include as an essential element in one’s plans.

CALL IN

A radio or television program during which the listeners or viewers telephone the studio and participate.

CALL PROCESSING

In telecommunication, the term call processing has the following meanings: # The sequence of operations performed by a switching system from the acceptance of an incoming call through the final disposition of

CAMELS RATING SYSTEM

It is a tool being used by the United States government in response to the global financial crisis of 2008 to help it decide which banks to provide special help for and

CANCER

The disease caused by an uncontrolled division of abnormal cells in a part of the body.

CAPACITY FACTOR

The net capacity factor of a power plant is the ratio of the actual output of a power plant over a period of time and its output if it had operated at

CAPTIVE AGENT

An agent who only represents one company exclusively and no one else.

CARBON EQUIVALENT UNIT

This is computed by multiplying the equivalent of a gas content carbon element and the carbon dioxide.

CARE, CUSTODY, AND CONTROL

A term used primarily in liability coverages which refers to property belonging to another but which is legally in the insured’s possession or under his control.

CARPAL TUNNEL SYNDROME (CTS)

A painful condition of the hand and fingers caused by compression of a major nerve where it passes over the carpal bones through a passage at the front of the wrist, alongside

CARRY ON BAGGAGE

Baggage that is carried aboard an airplane by the passenger, as opposed to being checked and carried in the hold.

CASH ACKNOWLEDGMENT

Notice sent to a cash buyer acknowledging receipt of the order. The acknowledgment may include an offer inviting the buyer to increase the purchase order. Cash acknowledgments are frequently used if delivery

CASH COLLATERAL ACCOUNT

An account in the name of a borrower that serves as a clearing account with its bank, usually for the purpose of securing and servicing an indebtedness.

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