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

CANADIAN COMPETITION ACT

A federal law that governs business practices in Canada. The Canadian Competition Act includes criminal and civil provisions intended to prevent anti-competitive practices in the marketplace.

CANARY CALL

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

CANCELLABLE CONTRACT

A contract that may be cancelled at any time without penalty Usually requires a certain amount of days’ notice by the party cancelling before the contract is terminated.

CANCELLABLE SWAP

An OVERTHECOUNTER SWAP structure that gives either party involved in the swap the OPTION to terminate the transaction at a future date. See also CALLABLE SWAP, PUTABLE SWAP.

CANCELLATION CEILING

The amount that a customer must pay for a canceled contract upon canceling the contract.

CANCELLATION CHARGE

A penalty that is incurred for not having a service as long as the contract was stated for.

CANCELLATION CLAUSE

A clause in a lease or other contract, setting forth the conditions under which each party may cancel or terminate the agreement.

CANCELLATION PROVISION CLAUSE

It is a provision in an insurance policy that permits an insurer or an insurance company to cancel a property and casualty or a health insurance policy at any time before its

CANCELLED CHECK

When a check with money on it is currently canceled making it an invalid check.

CANCER

The disease caused by an uncontrolled division of abnormal cells in a part of the body.

CANDLEPOWER

A now-obsolete unit which was used to express levels of light intensity in terms of the light emitted by a candle of specific size and constituents. In modern usage Candlepower equates directly

CANDLESTICK CHART

A tool used to understand present prices and predicting future price actions. By the understanding of this, the trader knows when best to buy and sell, thereby making more profits in his

CANNED PRESENTATION

A memorized speech that is designed to target all audience members without any discrimination.

CANNED PROGRAM

A software program written to meet the expected customer needs of a certain application. Opposite of custom programs.

CANNIBALISM

In zoology, cannibalism is the act of one individual of a species consuming all or part of another individual of the same species as food. Cannibalism is a common ecological interaction in

CANNIBALIZE

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

CANNING

A method of preserving food in which the food is processed and sealed in an airtight container. The process was first developed as a French military discovery by Nicolas Appert in 1810.

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