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

CLOSING OPERATIONS

Accounting tasks by a firm to reconcile expenses and monies, update balance sheets, post profit and loss statements, and transact other necessary filing documents. Closing operations are categorized into three main periodic

CLOSING QUESTION

A final question asked by a salesperson to determine the willingness of the prospect to discuss making a definitive purchase.

CLOSING RANGE

The highest and lowest prices transacted for trades occurring at market close.

CLOSING SALE

In futures trading, a sale transacted to close out a position.

CLOSTRIDIUM BOTULINUM

Spore specie of clostridium bacteria that produces the botulism toxin leading to botulism and other serious pathogenic conditions. Notated also as C. botulinum or Clos. botulinum.

CLOSURE

1. Device that closes or seals an opening of a container or area. A container closure is held in place typically by a screw thread, is plugged in, or snaps over. 2.

CLOUD COMPUTING

the use of a managed, organized, protected network of servers, owned by a service company, but unknown to the public or user. Access is only by the internet or directed URL using

CLUB CLASS

Higher-than-discount airfare that allows penalty-free changes and refunds.

CLUB FLOOR

Premium-priced hotel floor with superior service and security. Known also as concierge floor.

CLUSTER ANALYSIS

Statistical classification technique in which cases, data, or objects, such as events, people, and things, are subdivided into groups or clusters. It is a discovery tool used to help reveal associations, patterns,

CLUSTER SAMPLING

Survey method in which groups or clusters of sampling units are selected from a population for analysis. Individual units are part of the cluster, but not individually surveyed.

CLUSTERED STORAGE

Multiple storage servers working together to provide high response rate, availability, and accessibility for the multiple read and write requests. This is employed for a large website.

CMA EXAM

Certified Management Accountant test, administered to individuals who are seeking to become certified. Each state governs its own rules and regulations of this test and certification.

CMR

Standardized document required for cross-border transport of cargo by road. It is based on UN recommendations for standardized international rules and is in force in the European Union. CMR it the acronym

CNBC

Acronym for a subsidiary of the National Broadcasting firm, NBC, that provides business and financial news. In 1989 NBC and Cablevision agreed on a deal to operate this network. Some of CNBC’s

CNN EFFECT

A news-media effect or influence on government decision-making and/or consumer spending. First recognized and widely used during the Persian Gulf War, the term suggests that consumer spending slows down during catastrophic events

COACHING

Extending traditional training methods to direct the focus on (1). an individual’s needs and accomplishments, (2). Using close observation, and (3). Improving performance by impartial and nonjudgmental feedback.

COAL

Combustible mineral substance found in large deposits. It is considered to be a fossil fuel, being formed from plants that have been fossilized through oxidation. The end result is a black, hard

COASE’S THEOREM

Concept that the best economic efficiency occurs with unfettered allocation and open trade in property rights. It proposes that the essential point is ownership of everything by someone and that who owns

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