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

Category: C

CERTIFICATE ACCOUNT

Deposit account with a certificate of deposit (CD) issued by a bank or other financial institution.

CERTIFICATE OF TITLE

Ownership of real property or a vehicle is certified by this document. An authorized agency will capture a description of the property and of the liens on it, if any, on the

CHANGE IN ACCOUNTING ESTIMATE

Setting an expectation where there is a difference in a depreciation cost that affects depreciation expenses. A notation is made in the financial statement to serve as a proper notification to company

CHAPTER 15

This law formulates the cooperation between US and foreign courts in international bankruptcies to protect assets and save companies. Part of both Title 11 in the US bankruptcy code and the Bankruptcy

CHECKSHEET

Vehicle to record raw data. It is custom-designed for a user to easily read and interpret the results of an activity or process. It is one of the seven tools of quality.

CHEMICALLY PURE

As contaminant-free as can possibly be achieved by existing processes. Not guaranteed to by 100 percent free from contaminants, it is the highest reachable grade of purity.

CHIEF PROCUREMENT OFFICER (CPO)

Accountable to the CEO for sourcing, supply management and procurement for the company. Typically, the CPO reports directly to the CEO of a company. This is usually an executive level position of

CHRONIC EFFECT

Negative effects characterized by slowly developing symptoms on animal or human body. This is typically due to long, continuous exposure to low concentrations of a hazardous substance. The stopping of exposure does

CIRCULAR MERGER

Merging companies with different product offerings, increasing the market for product and service offerings to the same group of targeted customers.

CLASS ACTION

Legal action involving a large group or class of people. Without having every member of the class join the action, a few individuals initiate a court case becoming representatives of the group

CLEAN FUEL

Natural fuel, like compressed natural gas or liquefied petroleum gas, or a blend like gasohol. It produces less pollution than the alternatives and it is used as a substitute for fossil fuels.

CLEARANCE TERMINAL

Section of an airport or port facility where goods are released once cleared by Customs upon satisfaction of clearance requirements.

CLIMATE

Classification of the long-term weather in a specific area. General weather pattern over a significantly large area of earth’s surface. This weather’s average conditions covering a period of 30 to 35 years,

CLOSED FILE

File locked down so that no new documents or records can be added. The lock down occurs because (1). Processing has been completed, (2). Updates are no longer possible, or (3). a

CLOSED-END LEASE

Consumer lease having no option nor requirement for the lessee to buy the leased item at the end of the lease period. Known also as walk away lease. An example is as

CLOSING ENTRIES

Final bookkeeping entries posted at the end of an accounting period for reducing all nominal, temporary accounts to zero. Balances of these accounts are moved to the income summary account, and drawings

CNBC

Acronym for a subsidiary of the National Broadcasting firm, NBC, that provides business and financial news. In 1989 NBC and Cablevision agreed on a deal to operate this network. Some of CNBC’s

CODEX

Collected conduct or rules in a reproducible document.

COGNITION

Mental procedures of judging, knowing, learning, perceiving, recognizing, retention, thinking, and understanding. These lead awareness and some understanding of the world around us.

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