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

CERTIFICATE OF DEPOSIT (CD)

A time DEPOSIT issued by a BANK to a depositor that pays a fixed or variable INTEREST RATE; in most instances the deposit represents a senior, unsecured LIABILITY of the issuing bank.

CERTIFICATE OF OWNERSHIP

A title to an asset, such as a share certificate, is certified by an authorized agency with this objective evidence.

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

CERTIFICATE OF PARTICIPATION (COP) LEASE

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

CERTIFICATE OF SATISFACTION

When certifying that the release of a lien on the borrower’s property because payment satisfaction of all due obligations, this formal document is issued by the lender.

CERTIFICATE OF SUBSTANTIAL COMPLETION

When a certain construction project is near to fulfilling the terms, conditions, and specifications of the job contract, an authorized architect and/or an engineer certifies this condition by issuing this document and

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

CERTIFICATE OF WEIGHT

Document issued commonly by customs authorities of the exporting country commonly issue this document to certify that the correct gross weight of the goods being shipped.

CERTIFIED

A qualification or attribute meaning to being officially attested or authoritatively confirmed as being genuine or true as represented, or complying or meeting specified requirements or standards. A certificate may or may

CERTIFIED DATA PROCESSOR (CDP)

A data processing IT professionals who is certified and has the necessary IT experience, has evidence of completed coursework, can provide a recommendation, and has passed a six-part exam to earn this

CERTIFIED PART

A designated authority approves or certifies that an equipment or machine part was manufactured to the required specifications by a certified manufacturer by issuing this document.

CHAIN OF COMMAND

The order of hierarchy by which an organization wields and delegates authority and power from top management to every employee at every level of the organization. By design, Instructions flow downward along

CHAIN REACTION

A self-sustaining continuance of action in a chemical, nuclear, or other process where an accelerating progression of one or more reactions magnifies the action ‘s results. An explosion is an example of

CHAIN STORE SALES

A report detailing the volume of sales from chain stores. This report is typically monthly. This report serves as an industry indicator of consumer spending, which translates into economic growth. Investors ultimately

CHAIN STORES

Mass market retail outlets owned by one firm and spread nationwide or worldwide, such as Body Shop, KMart, or Wal-Mart. Typical attributes are (1) similar architecture, (2) store design and layout, and

CHAIN WEIGHTED CPI

As an alternative to the Consumer Price Index, this measurement is used to remove any biases related to new products, any changes in quality, and discounted pricing. The chain weighted CPI uses

CHAIN-STYLE BUSINESS

A member of a Franchise chain in which a franchisee operates under the franchisor’s brand or trade name and becomes a unit of the franchisor’s business.

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

CHAMBER OF COMMERCE (COC)

A city-wide, regional, or country-wide business group focused to protect and promote the economic interests of its members through legislative and other means. The International Chamber of Commerce in Paris affiliates most

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