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

CYCLE TIME

The time needed to do one cycle or complete a function from start to finish. It is used to compare total run time to total time of a process.

CYCLIC VARIATION

When the economy changes due to a recurring cause. It can be seasonal or follow a business.

CYCLICAL

An event that happens on a regular basis.

CYCLICAL INDUSTRY

An industry that follows economic cycle. It profits in good times and declines in a recession. Health care is not an example of this type of business.

CYCLICAL STOCK

A security that is issued based on the companies economic trends. It is better when the economy is better and declines when the economy does. Compare this term to Noncyclical stock.

CYCLICAL STOCKS

An industries shares that is subject to economic changes. They profit when the economy is good but fall when it is bad.

CYCLICALLY ADJUSTED DEFICIT

Predicting the governments budget loss when the economy is normal. It assumes spending and taxes are unchanged but does not consider the effect of national income versus debt.

CYCLICALLY ADJUSTED SURPLUS

The extra income that can be expected assuming normal economic behavior. Taxes and spending are assumed to be the same.

CYCLONE

When low barometic pressure and strong winds rotate counter clockwise in the southern hemisphere. The south pacific calls it a cyclone, the western atlantic calls it a hurricane, and the eastern pacific

CYLINDERBOARD

The paperboard thicker than 380 micrometers. It is glossy and printable used for packaging.

CYPHERTEXT

Text or a message that is encrypted into a coded human unreadable form. The input must be decrypted to be read once recieved. It is also written as ciphertext.

B CHANNEL

A channel for second quality goods to be sold. Some of the goods were simply returned.

BABY BOOMERS

A person born between 1945 and the late 1960s. This was big population growth period. These people had different spending needs.

BACHELOR’S DEGREE

A degree a student gets after 8 semesters or 120 credit hours. It is undergraduate work and can be in any major. There are bachelors of science, art, and fine arts. This

BACK CHARGE

When a bill is made to collect on debt from another period. This is due to error or an eligible collection. It is best to avoid this.

BACK DATE

The date on a document that is retroactive. AKA ante date. It is the opposite of post date.

BACK DOOR

A process where the BANK OF ENGLAND attempts to influence UK money supply indirectly by dealing in TREASURY BILLS through its own account, at market rates. See also FRONT DOOR.

BACK END

1.the place that customers don’t get to see. Services are provided that are vital but go unseen. Refer to front end. 2. A commission an independent agent gets for sales they recruited.

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