Campaign finance law regulates the funding, advertisement, accounting, and procedures involving campaigns and their organized efforts to achieve political goals. Federal elections must abide by numerous types of limitations on contributions and reporting obligations intended to balance between First Amendment rights and providing an open election.
Cancellation of removal is an immigration benefit whereby permanent residents and non-permanent residents may apply to an immigration judge to adjust their status from that of deportable alien to one lawfully admitted for permanent residence, provided certain conditions are met.
Cannibalism is the consumption of another human's body matter, whether consensual or not.
A cap is a set limit on some form of income, interest, fees, loan, or benefit. Examples of caps:
Cap-and-trade is a system that limits aggregate emissions from a group of emitters by setting a “cap” on maximum emissions. It is characterized as a market-based policy to reduce overall emissions of pollutants and encourage business investment in fossil fuel alternatives and energy efficiency.
See: cap and trade.
[Last reviewed in November of 2024 by the Wex Definitions Team]
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, vehicles, or intangibles such as stocks or bonds held as investments.
A capital offense is a criminal charge that is punishable by the death penalty. It is not necessary that the actual punishment imposed was the death penalty, but rather a capital office is classified as such if the permissible punishment prescribed by the legislature for the offense is the death penalty.
Capital punishment, which is also known as the death penalty, is criminal punishment that takes the defendant’s life as the punishment for the defendant’s crime.
Carryback in tax accounting refers to computing the current year's taxes, profits & losses, deductions, etc. and subsequently revising a previous year’s filed tax return to reduce some amount of tax liability. (See also: carryover)
