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

CLASS-C FIRE

NFPA classification for fire due to or engulfing energized electrical equipment such as motors, switches, wiring. For this type of fire only chemicals that do not conduct electric current are used. Water

CLASS-D FIRE

NFPA classification for fire due to or engulfing metals that burn, such as lithium, magnesium, potassium, sodium, titanium, and zirconium. These can be extinguished by eliminating air supply and smothering the fire.

CLASSICAL DICHOTOMY

The notion that changes to the variables that affect monetary values will not impact real values such as interest rates, employment, industrial output. This is a classical economic concept.

CLASSICAL ECONOMICS

School of economic thought promoting the notion that economies do best if everyone can pursue one’s own self interest with free and open competition. Several 18th and 19th century British economists from

CLASSICAL GROWTH THEORY

Theory promoting the notion that economic growth ends when a population increases. Supporters of this theory believe that the population increases as the gross domestic product increases. This population growth increases demand

CLASSICAL LINEAR REGRESSION (CLR)

Statistical modeling tool. Used in predicting future worth(s) of a target or dependent variables. Based on the long-term knowledge on the behavior of a set of explanatory factors or independent variables. A

CLASSICAL LOGIC

A specific part of formal logic. It is characterized by (1) the non-contradiction of variables and the elimination of double-negative variables, (2) the acknowledging of multiple paths to the same answer, (3)

CLASSICAL SCHOOL OF MANAGEMENT

Management school of thought. It is based on the belief that job satisfaction for employees come only with satisfying economical and physical needs. Social needs and need for esoteric job satisfaction either

CLASSIFIED

1. a widely-used term defining information as being confidential, restricted, secret, or top-secret. 2. Categorized data or information by named groups.

CLASSIFIED ADVERTISEMENT

Grouped small messages. Put under a specific headings and classifications. Such groupings are automobiles, employment, real estate, seen in a separate section of a newspaper or magazine. These relatively small and cheap

CLASSIFIED BALANCE SHEET

Similar assets and liabilities grouping together on one balance sheet by combining the total number of assets and liabilities.

CLASSIFIED COMMON STOCK

Stock in many categories that is typically divided into two classes based on benefits. ClassA is available to the public; a non-voting, dividend-paying stock . ClassB is voting stock held by the

CLASSIFIED LOAN

Past-due loan now questionable as able to survive past the recovery of the full principal balance plus accrued interest. Banks identify such loans as poor-performing assets in their account books.

CLASSIFIED STOCK

Separate classes of COMMON STOCK issued by a company with each class granting investors a distinct set of RENT RIGHTS and/or CONTROL RIGHTS. Classified stock is often used to increase or decrease

CLASSIFIED-DISPLAY ADVERTISEMENT

Classified advertisement that is larger than one column and uses display typefaces and graphics. It is often typeset (refer to typesetting) by the advertiser.

CLAWBACK

The repayment, to RECEIVERS of a company in BANKRUPTCY, of any PREFERENCE payments, or monies deemed to have benefited one party at the expense of others during the period of FINANCIAL DISTRESS.

CLAYTON ACT

Amended antimonopoly provisions of the Sherman Act of 1890 by US federal legislation in 1914. It includes the prohibition of (1) price discrimination and tying agreements, (2) sales based on exclusive-dealing contracts,

CLAYTON ANTITRUST ACT

Passed by the U.S. Congress in 1914, it is an amendment that adds weight to competition in U.S. businesses by discouraging monopolies. This act prohibited price discrimination, price fixing, and exclusive sales

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