business sectors

campaign finance law

Overview

Campaign finance law regulates the funding, advertisement, accounting, and procedures involving campaigns; the organized efforts to achieve a political goal. Federal elections must abide by numerous types of limitations on...

capacity

Capacity refers to the ability to make a rational decision based upon all relevant facts and considerations. Some common usages of the term “capacity” in a legal sense include:

In the context of criminal law, the term “capacity” means...

capital gains

Capital gains refers to profits gained from the sale of capital assets. Almost everything someone owns and uses for personal or investment purposes is a capital asset. This includes a home, personal-use items like household furnishings,...

carbon offset

Carbon offsets are credits representing the removal of one ton of carbon dioxide from the atmosphere. These offsets are obtainable through activities such as planting trees or carbon capture and legally offset the amount of carbon that a...

caveat emptor

Caveat emptor is a common law doctrine that places the burden on buyers to reasonably examine property before making a purchase. A buyer who fails to meet this burden is unable to recover for defects in the product that would have been...

ceiling

The upper or top interior surface of a room or region is referred to as the ceiling. The term "ceiling" in law refers to the statutory upper limit on the amount of money that may be charged or spent, as well as the number of commodities that...

certificate of formation

A certificate of formation is a legal document that must be filed to legally create a limited liability company (LLC); it serves the purpose of proving the company’s establishment, and contains all information about the formation of the...

certificate of incorporation

A certificate of incorporation is a legal document/license relating to the establishment of a company or corporation. It serves the purpose of proving that the company or corporation has been formed. It is issued by the state government, or...

channels

In the context of transportation; channels are the highways, waterways, and air traffic of the country.

See also: Instrumentalities

[Last updated in July of 2022 by the Wex Definitions Team]

Chapter 12 bankruptcy

In 1986, Congress enacted chapter 12 of the Bankruptcy Code to allow farmer debtors with regular annual income to achieve debt relief. Accordingly, chapter 12 bankruptcy provides relief to debtors who qualify as family farmers and family...

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