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

Category: C

CALIPER

An instrument for measuring external or internal dimensions, having two hinged legs resembling a pair of compasses and in-turned or out-turned points.

CALL ON A CALL

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

CALL SYSTEM

A system to allow residents (patients) to communicate with a nurses’ station from their rooms and from toilet and bathing facilities.

CANARY CALL

A phone-in hosted by Neil Adams and Matthew Gudgin on BBC Radio Norfolk after each Norwich City Football Club match.

CANNIBALIZE

Use (a machine) as a source of spare parts for another, similar machine.

CAPITAL MARKET LINE

A relationship within the CAPITAL ASSET PRICING MODEL (CAPM) that relates the expected return of a PORTFOLIO to its expected RISK (as measured through STANDARD DEVIATION). Under CAPM, all investors will choose

CAPITALIZE

With certain loans, such as subsidized FFEL Loans, the U.S. Department of Education pays the interest that accrues on these loans while the student is enrolled at least halftime and during periods

CAPTIVE MARKET

Markets where the potential consumers face a severely limited amount of competitive suppliers; their only choices are to purchase what is available or to make no purchase at all. Captive markets result

CARBON TETRACHLORIDE (CCI4)

A colorless nonflammable liquid used as a solvent for fats and oils; because of its toxicity its use as a cleaning fluid or fire extinguisher has declined or a colorless toxic volatile

CAREER PATHING

Obstacles or the structure of a promotional table that a person is following in their career.

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

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