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

Category: C

CHARITABLE ORGANIZATION

an organisation that does not issue stock and there is nothing in its charter that provides for profits or dividends.

CHARGE OF INDICTMENT

the part of the accusation that sets out the facts that make up the offense the defendant is being tried for.

CORPORATE FUNDS

These are the funds that belong to the corporation and are distinct from the funds of a person or persons.

COMMUTATIVE CONTRACT

the name that is given where each party will receive an equivalent or mutual benefit and obligation.

CONVERSION

This term applies to taking another person’s property without any cause or permission. It is an unlawful action.

CENTERS FOR DISEASE CONTROL

a federal agency that is a subdivision of the Public Health Service which is a division of the Department of Health and Human Services. See contagious diseases, reporting of.

COMMON USE

This phrase refers to the articles that are used by the general public and are sold widely in many markets.

CHARGE-OFF

an accounting term where one item is eliminated from an assets list when it is lost or is deemed to be worthless.

COVENANT NOT TO COMPETE

the type of agreement where a party agrees not to compete against another business of a similar kind.

COMMON JURY

This term is applied to the jury that is ordinary and not a special jury or a grand jury.

CUSTODIAL CARE

the extended care that is given in a nursing home by skilled nursing facilities.

CASH SALE

a manner of payment that implies that the seller will be paid in cash.

CORPORATE REORGANIZATION

the process that reorganises a company that will make it into a more profitable business and get it out of its financial troubles.

COMPLY

This means to act in accordance with your obligations, to yield or to carry into effect or to accommodate something.

COLLAPSIBLE CORPORATION

corporation that has been designed purposely to be liquidated before it has accumulated enough money to have to pay taxes.

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