A chattel mortgage is a loan agreement in which personal property is used as collateral to secure a loan. Although it has largely been replaced by security agreements under the Uniform Commercial Code (UCC), it remains an important concept in finance and law.
Chattel Paper is a valuable document demonstrating both a debt obligation and a security interest in or a lease of specific goods. It plays a crucial role in secured transactions, ensuring creditor rights while facilitating the financing of goods.
A check is a negotiable instrument instructing a financial institution to pay a specific amount of money from one person's account to another individual's account upon demand.
A check box is a square control element in a dialog box that can be clicked to turn an option on (checked) or off (unchecked). Often used for non-mutually exclusive options.
A check digit is a digit appended to a number to assure its correctness following a computation. It helps in detecting errors during data entry or processing.
Check kiting is an illegal scheme that establishes a false line of credit by the exchange of worthless checks between two banks, exploiting the time taken for checks to clear.
A Check Protector is a machine designed to print checks in a manner that makes it difficult to alter, ensuring financial security by embossing the written amount onto the paper.
A detailed log, book, or journal used to record individual checks issued by an account holder, listed in the order they were written.
Check Signers are machines that sign checks mechanically, creating a facsimile signature. They simplify the process of signing numerous checks and ensure consistency in signatures.
A check stub is a part of a check that is retained for record-keeping purposes, typically containing information concerning the transaction. This entry provides a comprehensive explanation, historical context, and usage of check stubs.
Check truncation is the process of converting a physical check into a digital image for electronic clearing and processing. It's designed to speed up the clearing process, reduce costs, and improve operational efficiency in the banking system.
Checking Accounts are bank deposit accounts that allow the holder to write checks against the account balance. They are a primary type of demand deposit and part of the M1 money supply, often earning interest under specified conditions.
The Chi-Square Test is a statistical method used to test the independence or homogeneity of two (or more) variables. Learn about its applications, formulas, and considerations.
A comprehensive guide to the Chicago Board of Trade (CBOT), the world's oldest futures and options exchange, its history, operations, and merger with CME Group.
The Chicago Board Options Exchange (CBOE) is a leading marketplace for trading options and derivatives, providing essential services and tools for investors.
The Chicago Mercantile Exchange (CME) is a leading global derivatives marketplace, known for offering a diverse range of futures and options products.
The Chicago School of Economics emphasizes the benefits and efficiency of free markets over centrally planned economies, rooted in the works of faculty members at the University of Chicago like Milton Friedman and F. A. Hayek.
A comprehensive overview of the Chief Executive Officer (CEO) role, including responsibilities, historical context, and related terms.
The Chief Executive Officer (CEO) has the ultimate management responsibility for an organization, reporting directly to the Board of Directors. The CEO plays a crucial role in appointing other key managers, such as the President, to assist in organizational management.
A comprehensive overview of the Chief Financial Officer (CFO), a corporate officer responsible for managing an organization's finances, including appropriations and expenditures.
An in-depth exploration of the role, responsibilities, and importance of the Chief Financial Officer (CFO) in modern organizations.
The Chief Operating Officer (COO) is responsible for the day-to-day operations of an organization, ensuring efficient workflows and alignment with strategic goals.
A nonrefundable tax credit allowed for a percentage of expenses incurred for household services or care of a child or other dependent, where the taxpayer maintains a household that includes one or more dependents who are under 13 years of age or mentally or physically incapacitated. The percentage of the credit varies inversely with the taxpayer's Adjusted Gross Income (AGI) between $15,000 and $43,000.
A comprehensive overview of child support payments, their legal implications, tax treatment, and comparison with alimony.
An in-depth look at the concept of the Chinese Wall, an imaginary barrier established within service companies to prevent conflicts of interest between departments.
Understanding the importance and function of a Chip, also known as an Integrated Circuit.
A Chose in Action is a personal right to sue for recovery, becoming a possessory asset upon the successful completion of a lawsuit.
Churning refers to the practice of excessive trading by a broker in a client’s account mainly to generate commissions that benefit the broker, often at the client's expense. This practice is illegal and clients may seek recovery of damages.
Chutzpah represents audacity or guts, often seen as unmitigated gall or brazen behavior, but in some business contexts, it is viewed as a positive attribute necessary for entrepreneurial success.
A comprehensive guide to the Cost, Insurance, and Freight (CIF) term used in international trade contracts including definitions, applications, historical context, and FAQs.
A detailed overview of ciphers, their types, examples, historical context, and modern applications in securing secret information.
A detailed examination of the concept of a 'Circuit', where a court possesses jurisdiction or travels from place to place to hear and decide cases, including historical context, applicability, and related legal terminology.
Circuit breakers are measures instituted by major stock and commodities exchanges to temporarily halt trading during significant market declines. They aim to prevent market free-fall by balancing buy and sell orders and allowing the public to catch up on news.
Circular E (IRS Publication 15) provides comprehensive instructions for employers regarding employment tax withholding amounts and procedures.
An in-depth look at Circulation Expenses - the costs associated with establishing, maintaining, or increasing the circulation of a periodical.
CISCO SYSTEMS, INC., headquartered in San Jose, California, is the leading provider of high-speed networking hardware, offering an extensive range of products and solutions for internet infrastructure, cybersecurity, and more.
Comprehensive overview of the term 'Citizen,' its legal, historical, and social context, applicability, and related terms.
An extensive guide to Civil Law, including its origins, principles, and distinctions
Understanding Civil Liability: Legal implications for negligent acts and omissions, distinct from breaches of contract, with remedies provided in a court of law.
Civil liability involves legal responsibilities arising from alleged torts or breaches of contract, where one individual takes action against another, often leading to financial judgments. Casualty insurance can offer protection in such cases.
An in-depth look at civil penalties, their purpose, differences from civil remedies, and historical context.
Civil Rights encompass a broad range of rights protected by the U.S. Constitution, enforceable through court actions, including but not limited to the right to own property, utilize the courts, marry, contract, and obtain other legally prescribed benefits.
An in-depth exploration of civil wrongs, including their types, legal implications, historical context, and examples.
Understanding the Civilian Labor Force and Its Significance in Economic Analysis
A Claim is a formal request by an insured party seeking indemnification for a loss incurred due to a covered peril under the terms of an insurance policy.
A comprehensive guide to the Claim for Refund process, criteria, and special considerations for taxpayers seeking refunds from the Internal Revenue Service.
A comprehensive report furnished by an adjuster to an insurance company, documenting the payment the insurer is obligated to make under the policy terms.
A comprehensive definition of 'Class' detailing its usage in education, finance, and law.
A comprehensive understanding of Class A and Class B shares, including their differences in voting rights, dividend preferences, and other unique characteristics.
An in-depth look at Class Life Asset Depreciation, its mechanics, types, considerations, examples, and significance in various industries.
The conflict arising out of differing economic and social interests, first identified by Karl Marx. An analysis of historical context, manifestations, and examples of class struggle.
Classical Economics, established in the eighteenth century by Adam Smith, emphasizes the role of unregulated markets in achieving desirable social results through the concept of the 'invisible hand.'
An in-depth exploration of classification principles, encompassing job evaluation and business activity categorization.
In-depth overview of Classified Stock, its types, characteristics, and applicability in corporate finance.
A comprehensive guide to clawback provisions in law and contracts that limit or reverse payments for specified reasons.
The Clayton Antitrust Act of 1914 is a significant legislation aimed at promoting fair competition and preventing monopolistic practices in the United States. It builds upon earlier antitrust laws by addressing specific practices that were not adequately covered.
The term 'clean' encompasses various meanings in accounting, finance, international trade, and securities. This includes the unqualified audit report, debt-free balance sheets, undocumentary drafts, and block trades without inventory risk.
CLEAN HANDS covers the principles of honesty, ethical behavior, and professional conduct in both business and legal domains. This concept is crucial for maintaining integrity in transactions and in ensuring that legal claims are made by parties free from misconduct.
A clean opinion is an auditor's unqualified report indicating that the financial statements of an entity are fairly presented without any reservations, exceptions, or errors noted.
Informal phrase describing the 'needs approach' to determine the amount of life insurance necessary for a family, covering last-minute expenses and those that arise after the death of an insured, such as burial costs, probate charges, and medical bills.
A Comprehensive Overview of the Term 'CLEAR' in Banking, Finance, and Securities Sectors
A comprehensive definition and exploration of a Clear Title, free from any encumbrance, obstruction, burden, or limitation that presents a doubtful or even a reasonable question of law or fact as to its validity.
A detailed exploration of clearance sales, their purpose in retail, strategies involved, and their impact on both consumers and businesses.
A Clearing Market is one where supply and demand reach equilibrium quickly, eliminating excess supply or demand at the market price.
A clearinghouse is an association or organization that facilitates the exchange of checks, drafts, or other forms of indebtedness among its members, aiming to settle balances with minimal inconvenience and labor.
A comprehensive definition of Clerical Error, its examples, distinctions from Judgment and Technical Error, and its implications in various fields.
A comprehensive overview of the role and responsibilities of a clerk across various industries, including their historical context, applications, and related terms.
A click is an act of pressing one of the buttons on a computer mouse, which can initiate different commands depending on the button pressed and the software being used.
Comprehensive definition of a client, its significance in various professional services including advertising, finance, IT, and more.
Client Focus entails a company policy, philosophy, or mission aimed at being responsive to client needs, fostering client relationships, and driving client service and innovation.
An extensive overview of the Client-Server Model, where a designated server sends information to multiple client computers.
Clip art refers to pre-made computer graphics files that can be inserted into a document or other file. These graphics are typically included in desktop publishing and drawing applications, and can be purchased in separate packages.
The clipboard is a feature found in both Macintosh and Windows operating systems that temporarily stores information cut or copied from a document, facilitating easy transfer of data between programs or locations.
The evolution of 'clipping coupons' from a financial habit involving coupon bonds to a modern-day practice of saving money through discounts.
Detailed insights on the concept of Clone, including its applications in genetics and business, historical context, examples, related terms, and FAQs.
Comprehensive explanation of 'Close' ranging from finance and trading to accounting and computing environments.
Comprehensive definition, examples, historical context, and related terms about Close Corporations, also known as Closely Held Corporations.
A Close Corporation Plan details a prearrangement for surviving stockholders to purchase shares of a deceased stockholder, using a predetermined formula to value the corporation.
An overview of Closed Accounts in banking and accounting, including definitions, examples, and related concepts.
A Closed Economy is a self-sufficient economic system in which all production and consumption are contained within itself, with no external trade.
A closed fund is a mutual fund that has stopped issuing shares due to its large size. Learn about its characteristics, types, and implications.
Understanding the Closed Period in Bond Issuance: its importance, implications, and relationship with callable bonds.
A Closed Shop refers to an organization where being a union member is a prerequisite for employment. This practice was largely restricted by the Taft-Hartley Act of 1947.
Comprehensive explanation of Closed Stock, a type of merchandise sold exclusively in sets without the option for individual item purchases.
An exploration of the 'Closed Union,' also known as a 'Closed Shop,' in labor laws and employment practices. This article discusses its definitions, types, examples, historical context, applicability, comparisons, related terms, FAQs, and references.
A closed-end mortgage is a mortgage-bond issue accompanied by an indenture that prohibits repayment before maturity and the repledging of the same collateral without the permission of the bondholders.
A Closed-End Mutual Fund operates with a fixed number of shares in the market, as opposed to the Open-End Mutual Fund that issues new shares to meet demand.
Closeout refers to the process of selling off remaining inventory or discontinued items at reduced prices to clear out stock in retail.
Closet Indexing involves structuring a mutual fund or managed portfolio to nearly replicate an index, effectively avoiding the risk of underperforming it while charging regular fees for active management.
A detailed exploration of 'Closing' in the context of real estate transactions and accounting procedures, including definitions, processes, historical context, and related terms.
A comprehensive overview of Closing Agreements, written agreements between taxpayers and the IRS that conclusively settle tax liabilities or specific issues affecting tax liabilities.
A comprehensive guide to understanding the various fees and expenses associated with real estate closings, commonly referred to as closing costs.
The closing date in real estate is the date on which the seller delivers the deed and the buyer pays for the property. This pivotal moment marks the culmination of the real estate transaction, involving the transfer of title from seller to buyer.
A comprehensive definition of closing entry in accounting, its importance, examples, historical context, and implications for financial statements.
Understand the concept of Closing Inventory, its valuation methods, importance in financial accounting, and impact on financial statements and business operations.
Closing Price or Closing Quote is the price of the last transaction of a trading day on an organized securities exchange, widely used for stock valuation.
A comprehensive definition of a closing statement, which accounts for funds from a real estate sale, provided separately to both the seller and the buyer.
A comprehensive explanation of Cloud Computing, where operations are performed by computers linked to the Web, with files and programs stored on distant servers.
A cloud on title refers to any matter appearing in the record of a title to real estate that on its face appears to reflect the existence of an outstanding claim or encumbrance that, if valid, would defeat or impair title but might be proven invalid by evidence outside the title record.
Cluster Analysis method of statistical analysis groups people or things by common characteristics, offering insights for targeted marketing, behavioral study, demographic research, and more.
