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

CHICAGO SCHOOL OF ECONOMICS

One of the most influential bodies of economic thought in recent times. Major ideological defender of conservative economics and capitalism. This monetarist school is associated with the economics department at the University

CHICAGO STOCK EXCHANGE (CHX)

A regional stock exchange founded in 1882. Originally, it began as an open outcry auction system. Currently, the CHX is seeking approval to migrate to a totally electronic trading system from the

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

CHIEF FINANCIAL OFFICER (CFO)

Most senior executive responsible directly for the financial planning and execution of the firm. The CFO is accountable for all accounting functions including: (1) control over credit, (2) budgets and financial statements

CHIEF INFORMATION OFFICER (CIO)

Most senior executive responsible for the development, implementation, and operation of a firm’s information technology (IT) policy. The CIO oversees all of the firm’s information systems (IS) infrastructure within the organization, and

CHIEF KNOWLEDGE OFFICER (CKO)

Highest ranking executive accountable for disbursing appropriate knowledge to various levels of a firm in support of the firm’s requirements and strategically goals. This executive (1) recognizes corporate knowledge as an live

CHIEF PROCUREMENT OFFICER (CPO)

Accountable to the CEO for sourcing, supply management and procurement for the company. Typically, the CPO reports directly to the CEO of a company. This is usually an executive level position of

CHIEF TECHNOLOGY OFFICER (CTO)

Accountable to a CxO execution for research and development (R&D) as well as managing and addressing technical issues that a company faces. Also known as the Chief Technical Officer. This is usually

CHILD SUPPORT

A method of compensating a parent needing monies for raising and sheltering a child by another who has the means to manage the expenses associated with child support. A court of law

CHILLING

Method to preserve raw or processed food by cooling to a temperature between zero degree and five degree Celsius. Slowing the growth of microbes that are typically present in all food during

CHILLING EFFECT

Cooling the earth’s surface temperature by unclouded sky at night or increased number of particles in the upper atmosphere that block sunlight. Contrasts versus greenhouse effect.

CHINESE WALL

A process/structure within a BANK, INVESTMENT BANK, or SECURITIES FIRM that separates groups that call on clients and arrange deals (i.e., bankers) from those that are privy to nonpublic information related to

CHIP AND PIN

UK-sponsored program for a new debt card system to authorize transactions using chip-implanted card and pin number. The card reader will access the stored information on the chip when the debit card

CHIPBOARD

Low-density paperboard with 0.15 millimeter thickness (0.006 inch) or more. Commonly used for making partitions for boxes and one or more central plies of a fiberboard. Typically made from recycled paper stock

CHIPSET

Chips grouped for working together as a single functional integrated circuit block in controlling a motherboard or computer by one or more specialized functions.

CHLORINATED ORGANIC COMPOUNDS

Synthetic substances, composed of carbon, hydrogen, and chlorine atoms. Some examples are chlorinated fluorocarbons (CFSs), chlorinated hydrocarbons (CHCs), and carbon tetrachloride. The chlorine in these compounds makes them resistant to degradation by

CHLORINATION

Chlorine added to water. Oxidizes organic contaminants. Kills many microorganisms. Refer also to disinfection.

CHOICE NO-FAULT PLAN

Under a no-fault plan provided by the state, it is the choice of coverage by a vehicle owner.

CHOICE OF LAW CLAUSE

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

CHOOSER OPTION

An OVERTHECOUNTER COMPLEX OPTION that permits the buyer to choose between an underlying CALL OPTION and PUT OPTION with identical STRIKE PRICES and maturities from trade date until a defined

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