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

Category: C

CURE PERIOD

A time frame of 30 to 90 days during which a company that has gone into technical DEFAULT on a contractual payment is permitted to submit payment without further prejudice, and without

CYBERLAW

An evolving area or law that is applies to computers and the various activities over the internet and networks.

CABLEGRAM

Telegraphy is the long-distance transmission of written messages without physical transport of letters. It is a compound term formed from the Greek words far and write. Radiotelegraphy or wireless telegraphy transmits messages

CALL ACCOUNTING

A Call Accounting System is a telecommunications software or hardware application that captures, records, and costs telephone usage events.

CALL ON THE BEST OF N-ASSETS

An OVERTHECOUNTER COMPLEX OPTION that grants the buyer a payoff based on the difference between a predefined STRIKE PRICE and the best performing ASSET in a PORTFOLIO. See also CALL ON THE

CALLER ID

A facility that identifies and displays the telephone numbers of incoming calls made to a particular line.

CAP AGREEMENT

A borrowing agreement in which the person who received the loan pays a cap fee so that they can keep the interest rate below a specified limit regardless of the market rate.

CAPITAL REORGANIZATION

The act of changing the capital structure of a company by combining or dividing shares to create shares of a different value.

CAPITALIZED INTEREST

Interest cost incurred during the time necessary to bring an asset to the condition and location for its intended use and included as part of the historical cost of acquiring the asset.

CAPTURE RATE

The percentage of generated secondary materials actually recovered from a household or business.

CARCINOGEN

Any substance, radionuclide or radiation, that is an agent directly involved in causing cancer. This may be due to the ability to damage the genome or to the disruption of cellular metabolic

CAREER PLATEAU

Occurs when an employee has reached the highest position level he or she can possibly obtain within an organisation and has no future prospect of being promoted due to a lack of

CARRIED INTEREST

in finance, is a share of the profits of a successful partnership that is paid to the manager of the partnership (a private equity fund or hedge fund) as a form of

CARTONBOARD

Paperboard is a thick paper based material. While there is no rigid differentiation between paper and paperboard, paperboard is generally thicker (usually over or 10 points) than paper.

CASH BALANCE PLAN (CBP)

A defined benefit retirement plan that maintains hypothetical individual employee accounts like a defined contribution plan.

CASH COW

In business, a cash cow is a product or a business unit that generates unusually high profit margins: so high that it is responsible for a large amount of a company’s operating

CASH FLOW STATEMENT

In financial accounting, a cash flow statement, also known as statement of cash flows or funds flow statement, is a financial statement that shows how changes in balance sheet accounts and income

CASHING

Receiving cash in exchange for a financial instrument, such as a stock, or policy or check or guarantee or draft.

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