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

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

CLAYTON’S CASE

Established the precedent of funds withdrawn from an account are presumed to be debits from the funds deposited in a first-in, first-out (FIFO) principle-based fashion. UK’s 1816 case of Devaynes v. Noble.

CLEAN BILL OF LADING (B/L)

B/L with no adverse remarks or notations, called ‘clauses’, made by the shipping firm about the condition, packaging, or quantity of the goods being shipped. Importers and their banks typically require a

CLEAN COLLECTION

Documented collection of only the financial document that is processed through the banks without a bill of lading and/or other shipping documents, typically the draft or a bill of exchange. These are

CLEAN FLOAT

Systems of floating-exchange rates. The worth of a currency is set with no government interference entirely by the forces of market demand and supply. Contrast to dirty float. Known also as pure

CLEAN FUEL

Natural fuel, like compressed natural gas or liquefied petroleum gas, or a blend like gasohol. It produces less pollution than the alternatives and it is used as a substitute for fossil fuels.

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