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

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

CHANGE EQUILIBRIUM

Forces in a balance for driving or impeding change in a community, organization, or society.

CHANGE FEE

An amount charged or levied for the altering of a material, condition, or requirement in a concluded arrangement such as an already purchased airfare ticket.

CHANGE IN ACCOUNTING ESTIMATE

Setting an expectation where there is a difference in a depreciation cost that affects depreciation expenses. A notation is made in the financial statement to serve as a proper notification to company

CHANGE IN ACCOUNTING METHOD

Change in accounting bases from accrual basis accounting in to cash basis accounting or vice versa. It may require the prior approval of, or a notification to, the taxation authorities, depending on

CHANGE IN ACCOUNTING PERIOD

Change to a longer or shorter financial reporting period or a change to a different date for closing of accounts. It generally requires prior approval of taxation authorities.

CHANGE IN ACCOUNTING PRINCIPLE

A change that is not trivial in nature, as it is a change in the Implementing of a generally accepted accounting principle different from the one formerly used. In business a company

CHANGE IN ACCOUNTING PRINCIPLES

If a new guideline occurs for accounting practices and procedures, a company must make a notation on the financial statement reflecting how an entry was adjusted based on the new ruling, serving

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