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

CHARITABLE FOUNDATION

Public or private trust that manages a charity, but is itself not a charitable organization. No trustee, trustor, or member can take monies as pay from the income generated by a charitable

CHARITABLE GIFT ANNUITY

A qualified charitable organization exchanges their revocable transfer of cash or property for the paying of a fixed-sum annuity over the life of one or two persons contributing the cash or property.

CHEAP

An ASSET that is perceived by market participants to be inexpensive compared to alternatives or proxies (i.e., the SPREAD is too wide in the case of a BOND or the price to

CHEAPEST-TO-DELIVER (CTD)

The cheapest of a series of ASSETS that are eligible for DELIVERY under an EXCHANGETRADED DERIVATIVE contract; the seller selects from the list of deliverables to determine the asset that will yield

CHECK ENDORSEMENT

Signatures, on the front by the payee, and on the back by the depositor, on a check acknowledging that both parties agree to exchange the specified check amount. Written on the back

CHECK GUARANTEE

A guarantee of payment of a check up to the amount specified on the check that is provided to the party accepting the check when following bank-prescribed procedures. This is a service

CHECK HOLD

A bank can legally hold funds from a deposited check for this stated number of days , before having to credit the check to the depositor’s account. This number of days is

CHECK KITING

Fraudulent scheme. Additional checks are issued against funds that a bank has already credited into an account for deposited, but as-yet, uncleared checks (refer to check clearing). It is played as an

CHECK OUT TIME

Latest standard time set by a hotel that a hotel guest must formally vacate his or her room without incurring additional charges for another day’s stay. Following a check out, hotels provide

CHECK PRINTING CHARGES

A fee for ordering the printing of company checks. It is an expense and is reported on a company’s balance sheet.

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.

CHECK STUB

A check’s portion retained as a record by the check writer; for account keeping purposes, such as the stub part of a payroll check. The stub has an area for payments to

CHECKABLE DEPOSITS

Available money allocated to one’s checking account, in a bank or financial institution, allowing the account owner to write a check or draft against that available amount in the account. These accounts

CHECKED BAGGAGE

Before boarding an aircraft, this is a traveler’s luggage given to the baghandlers of the airline . This luggage is expected to be carried in the cargo compartment of the same aircraft

CHECKSHEET

Vehicle to record raw data. It is custom-designed for a user to easily read and interpret the results of an activity or process. It is one of the seven tools of quality.

CHECKSUM

A documented, pre-planned, mathematically-computed value using a group of data being transmitted that is transferred along with the data. A receiving device compares the checksum with its own computation. If the transmitted

CHECKWRITING PRIVILEGE

Certified right to write checks against the amount held in a mutual fund. It is a service offered to account-holders. A minimum value for a written checks against an account is typically

CHEMICAL ANTIDOTE

Substance that neutralizes another substance. Converts a toxic substance into a harmless compound by reacting with the toxic substance.

CHEMICAL EXPOSURE

Contact or exposure to a chemical substance by touching, breathing, eating or drinking. This exposure is usually harmful in nature. Different degrees of danger can result with varying symptoms due to exposure

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