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

Category: Finance Dictionary

CEILING EFFECT

The factors or constraints triggered as higher levels, values, or scores occur. It is often due to the lessening levels of difficulty to highest scoring individuals. It lessen the possibility of measuring

CENTRONICS INTERFACE

Standard 36pin parallel port connection interface for a computer and printer. Developed by the Centronics printer company, which is now defunct, it is now governed by IEEE 1284B protocol, and slowly being

CERTIFICATE OF PARTICIPATION (COP)

When investors buy a lessor’s ownership interest to share in the income from the leased asset and in the associated tax advantages in proportion to their investment, the Lease arrangement is document

CHAKU CHAKU

The manufacturing process of a single-piece where a single worker walks the piece from one workstation to the next, setting up and operating each machine from beginning to the end of the

CHANGE OF CONDITION CLAUSE

One or more statements in insurance contracts requiring that all conditions detailed in the application by the applicant must still hold true when the policy is delivered for an insurance policy to

CHECK ROUTINE

The checking or testing of a procedure, process, or system, at regular and methodical intervals, to evaluate and report operational conditions at that interval.

CHEMICAL STABILITY

Molecular characteristic of a chemical or compound. The tendency of a material to resist change or decomposition in its natural environment or when exposed to air, heat, light, pressure, or other natural

CHIEF EXECUTIVE OFFICER (CEO)

Top executive in a firm who is responsible for a firm’s overall well-being in terms of operations and performance. The hired leader of the firm, serving as the main link between the

CHOICE OF LAW CLAUSE

Contract provision specifying the governing jurisdiction over disputes arising from or relating to this contract.

CIM

Document used for crossborder transport of cargo by rail. Standardized, per UN recommendations on uniform international rules and European Union (EU) applied. CIM means ‘Convention Internationale concernant le transport des Marchandises par

CLARITY

Unobstructed, undistorted view. For material, it is the absence of haze or turbidity. This is measured by means of methods such as ASTM D2457. The measure is a function of light passing

CLASSICAL GROWTH THEORY

Theory promoting the notion that economic growth ends when a population increases. Supporters of this theory believe that the population increases as the gross domestic product increases. This population growth increases demand

CLAYTON’S CASE

Established the precedent of funds withdrawn from an account are presumed to be debits from the funds deposited in a first-in, first-out (FIFO) principle-based fashion. UK’s 1816 case of Devaynes v. Noble.

CLEANUP REQUIREMENT

Stated to prevent a borrower from using a line of credit as permanent and ongoing financing. Would likely result in the borrower having to pay off the line of credit balance and

CLICKSTREAM

Mouse clicks or keystrokes a user makes in sequence or as a ‘flow’ while navigating through webpages or websites. Web advertisers custom-tailor their advertisements to this specific customer, by determining the user’s

CLOSED CONTRACT

Unchangeable contract unless by mutual consent of all parties. Contact terms constitute the entire agreement between the contracting parties. An insurance contract, for example, is a closed contract. A construction contract may

CLOSED TRANSACTION

1. Financial transaction finalized during an accounting period. 2. Any transaction finalized for all of its tasks.

CLOSING BELL

The signal of a ringing bell ending the regular trading day on an exchange. The honor of ringing the closing bell of an exchange is often celebrated as a notable event when

CLUSTER SAMPLING

Survey method in which groups or clusters of sampling units are selected from a population for analysis. Individual units are part of the cluster, but not individually surveyed.

CODEN

Unique six-character alphanumeric code permanently identifying a serial publication, such as a journal or magazine, or a non-serial publication, such as a dissertation or thesis. Examples are JECLB3 as the Coden for

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