A clawback provision of a contract is one that provides that an employer can require for an employee to return money paid out to them. Clawback provisions increased in prominence starting in 2002 after the passage of the Sarbanes-Oxley Act,...
business sectors
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:
...close corporation
A close corporation is a corporation which is held by a limited number of shareholders and is not publicly traded. A close corporation can generally be run directly by the shareholders (without a formal board of directors and without a formal...
closely held corporation
A closely held corporation is a corporation which is owned by an individual or small group of shareholders, who are often members of the same family. Shares of a closely held corporation are generally not traded in the securities market(s)....
co-operative (co-op)
A cooperative, often called a co-op, is any association of members of a similar profession or industry that work together to process, prepare, market, handle products and supplies. A cooperative operates for the benefits of its members by...
Code of Federal Regulations
The Code of Federal Regulations (CFR) is the codification of the federal government's rules and regulations published in the Federal Register. The official version is published annually by the Office of the Federal Register and the Government...
codified
To be codified is to be defined or otherwise included in a legislative statute. It is sometimes used in a wider sense to refer to principles that can be found not just in statutes, but also in constitutions, administrative rules, and other...
cognovit
A cognovit, a type of confession of judgment, refers to an acknowledgment or confession made by a defendant that the plaintiff’s cause is legitimate. It permits judgment to be entered without a trial for the purpose of saving costs. To apply...
coinsurance
Coinsurance is a risk-sharing agreement between the insurer and the insured under a particular insurance policy. The insured agrees to cover a percentage of the losses after the deductible is satisfied, which means that the insured must pay...
collateral
Collateral is an item of value, such as property or assets, that is pledged by an individual (borrower) in order to guaranty a loan. Upon default, the collateral becomes subject to seizure by the lender and may be sold to satisfy the debt....