Kiting or check-kiting is defined as the practice of covering a bad check from one bank account to another. Persons with multiple bank accounts use this advantage because it takes multiple days to process checks. The check that has been...
commercial transactions
Child Online Privacy Act
The Child Online Privacy Act concerns internet privacy for children. It was passed in 1998 and codified at 15 U.S.C. § 6501-6506. The law is enforced by the Federal Trade Commission, applying the regulations recorded at 16 C.F.R. § 312....
churn
Churn, in the context of stock trading, means making numerous risky and excessive transactions to generate high commissions against the customer's character of account and objectives by a broker.
See: Churning
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CIF
CIF is an abbreviation used for Cost, Insurance and Freight. CIF is an agreement in which the seller's quoted price includes insurance and all other costs up to a designated port of destination. The term is used in the context of maritime...
cigarette
For the purposes of taxation and FDA regulation, a cigarette is defined in 26 U.S. Code § 5702 as
“any roll of tobacco wrapped in paper or in any substance not containing tobacco, and any roll of tobacco wrapped in any...
civil
In reference to law, “civil” is used primarily as a descriptive term to denote conflicts between private individuals. Where in a civil case two or more individuals or private entities (such as corporations) dispute their rights relative to...
civil code
A civil code is a codification of private law relating to contracts, property, family, and obligations. Commonly, a state that has a civil code generally also has a code of civil procedure. In some states with a civil code, some core fields...
claim in bankruptcy
A claim in bankruptcy refers to a claim made by a creditor to establish that they are entitled to a portion of the assets of an estate which filed bankruptcy.
Filing a claim in bankruptcy is necessary if a creditor wants to...
classical theory of insider trading
The classical theory of insider trading is a form of insider trading where a corporate insider—i.e. an employee, director, or officer—commits securities fraud under Rule 10b-5 by trading in securities of their company on the basis of...
Clayton Antitrust Act
The Clayton Antitrust Act of 1914, codified at 15 U.S.C. 12-27, is one of the primary pieces of antitrust legislation in the United States. This act was designed to bolster the Sherman antitrust Act and outlaws the following conduct:
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