Canceled Check (Share Draft)A check that a financial institution paid, charged to the account holder's account, and then endorsed. Once canceled, a check is no longer negotiable.
CancellationTermination of a policy before its normal expiration date.
CanopyA metal frame clad with fabric that projects from a building entrance over the sidewalk to the curb where it’s supported on vertical posts
CapA cap is a ceiling, or the highest level to which something can go. For example, an interest rate cap limits the amount by which an interest rate can be…
Cap flashingA waterproof sheet that seals the tops of cornices and walls.
CapacityYour ability to make your mortgage payments on time. This depends on your income and income stability (job history and security), your assets and savings…
CapitalCapital is money that is used to generate income or make an investment. For example, the money you use to buy shares of a mutual fund is capital that…
Capital account (international)Record of capital transfers between U.S. residents and foreign residents, such as debt forgiveness and migrants' transfers, and acquisitions and disposals…
Capital consumption allowance (CCA), (private)Consists of tax-return-based depreciation charges for corporations and nonfarm proprietorships and of historical-cost depreciation (calculated by BEA) for…
Capital expendituresExpenditures made to acquire, add to, or improve property, plant, and equipment (PP&E).
Capital flows tableTable that expands the fixed investment component of the input-output (I-O) use table to show the types of new equipment, new structures, and software…
Capital GainAlso known as capital appreciation, capital gain measures the increase in value of an asset over time.
capital gain (or loss)A income tax term referring to profit or loss resulting from the sale of an asset, such as a security.
Capital gains distributionWhen mutual fund companies sell investments that have increased in value, the profits, or capital gains, are passed on to their shareholders as capital…
Capital gains tax (CGT)A capital gains tax is due on profits you realize on the sale of a capital asset, such as stock, bonds, or real estate.
Capital ImprovementsProperty improvements that either will enhance the property value or will increase the useful life of the property.
Capital lossWhen you sell an asset for less than you paid for it, the difference between the two prices is your capital loss.
Capital marketsCapital markets are the physical and electronic markets where equity and debt securities, commodities, and other investments are sold to investors.
Capital preservationCapital preservation is a strategy for protecting the money you have available to invest by choosing insured accounts or fixed-income investments that…
capital stockAll classes or types of shares representing ownership of the issues.
CapitalizationIn the context of bank supervision, capitalization refers to the funds a bank holds as a buffer against unexpected losses.
Car insuranceCar insurance covers theft of and damage to your car or damage that your car causes, plus liability protection in case you are sued as a result of an…
CARDYour card is the physical card, the account number, or any device (including a check) that can be used to access your credit card account.
CashMoney or its equivalent (checks, banknotes, etc.).
Cash advanceYou receive a cash advance when you use your card or account to do any of the following: obtain cash from an automated teller machine (ATM); or obtain…
Cash balance planA cash balance retirement plan is a defined benefit plan that has many of the characteristics of a defined contribution plan.
Cash basis accountingCash basis accounting is one of two ways of recording revenues and expenses. Using this method, a company records income on its books when it receives a…
Cash equivalentAssets that can be quickly converted to cash. These include receivables, Treasury Bills, short-term commercial paper and short-term government and…
Cash EquivalentsInstruments or investments that are easily turned into cash and are so safe that they are virtually as good as cash.
Cash FlowCash flow is a measure of changes in a company's cash account during an accounting period, specifically its cash income minus the cash payments it makes.
Cash marketIn a cash market buyers pay the market price for securities, currency, or commodities "on the spot," just as you would pay cash for groceries or other…
Cash ReservesA cash amount sometimes required of the buyer to be held in reserve in addition to the down payment and closing costs; the amount is determined by the…
Cash settlementTo settle a futures contract where the underlying asset is a financial instrument, such as a stock index or interest rate rather than a physical…
Cash surrender valueThe cash surrender value of a permanent life insurance policy is the amount you receive if you cancel or surrender your policy before you die.
Cash valueCash value is the amount that an account is worth at any given time. For example, the cash value of your 401(k) or IRA is what the account is worth at the…
Cash Value (Cash Surrender Value)The amount available in cash upon surrender of a policy before it becomes payable upon death or maturity.
Cash value accountIf you have a permanent life insurance policy, part of each premium you pay goes into a tax-deferred account called the cash value account.
Cash-advance feeA fee charged when you use a credit card for a cash advance, such as withdrawing cash from an ATM.
Cash-Out RefinanceA refinance transaction in which the borrower receives additional funds over and above the amount needed to repay the existing mortgage, closing costs…
Cash-out refinancingWhen refinancing, taking a loan for more than you owe on your existing mortgage.
Cashier's CheckA check drawn on the funds of the bank, not against the funds in a depositor's account.
Cast IronA type of iron, mass-produced in the nineteenth century, created by pouring molten iron into a mold; used for ornament, garden furniture, and building…
Casualty ProtectionProperty insurance that covers any damage to the home and personal property either inside or outside the home.
Catastrophic illness insuranceMany health insurance policies cap, or limit, the amount they will pay to cover medical expenses.
Catch-up contributionYou are entitled to make an annual catch-up contribution to your employer sponsored retirement savings plan and individual retirement account (IRA) if…
Category of AmountReportable financial interests are disclosed either by actual amount or by category of amount, depending on the interest, as specified by the SF 278 form.
CCASee Capital consumption allowance (CCA), (private)
CCAdjSee Capital consumption adjustment (CCAdj), (private)
CDs (Certificates of Deposit)A debt instrument issued by banks, usually paying interest, with maturities ranging from seven days to several years.
Cease and Desist LetterA letter requesting that a company stops the activity mentioned in the letter.
CeilingIf there is an upper limit, or cap, on the interest rate you can be charged on an adjustable-rate loan, it's known as a ceiling.
Census TractA census tract is a small geographic area. Census 2000 assigned census tract numbers to all areas of the U.S. and some U.S. territories and possessions.
Central bankMost countries have a central bank, which issues the country's currency and holds the reserve deposits of other banks in that country.
Certificate of DepositA negotiable instrument issued by a bank in exchange for funds, usually bearing interest, deposited with the bank.
Certificate of deposit (CD)CDs are time deposits. When you purchase a CD from a bank, up to $100,000 is insured by the Federal Deposit Insurance Corporation (FDIC).
Certificate of DivestitureThe certificate of divestiture (CD) was created by the Ethics in Government Act of 1978 to reduce the tax burden of divestiture that can occur when an…
Certificate of EligibilityA document issued by the U.S. Department of Veterans Affairs (VA) certifying a veteran's eligibility for a VA-guaranteed mortgage loan.
certificate of reasonable value (CRV)A Veterans Administration appraisal that establishes the maximum VA mortgage loan amount for a specified property.
Certificate of ReleaseA certificate signed by a lender indicating that a mortgage has been fully paid and all debts satisfied.
Certificate of TitleA document rendering an opinion on the status of a property's title based on public records.
Certificates of Deposit (CD)(CD)A debt instrument issued by banks, usually paying interest, with maturities ranging from seven days to several years.
CertificationCertification means the approval by a certifying official that a labor condition application is complete and does not contain obvious inaccuracies.
Certified CheckA personal check drawn by an individual that is certified (guaranteed) to be good.
Certifying OfficerCertifying Officer means a Department of Labor official, or such official's designee, who makes determinations about whether or not to certify labor…
Chain of TitleThe history of all of the documents that have transferred title to a parcel of real property, starting with the earliest existing document and ending with…
Chained-dollar estimateA measure used to approximate the chained-type index level and is calculated by taking the current-dollar level of a series in the base period and…
Chained-type indexIndex that is based on the linking (chaining) of indexes to create a time series.
Change in private inventoriesThe change in the physical volume of inventories owned by private business, valued at the average prices of the period.
Change OrdersA change in the original construction plans ordered by the property owner or general contractor.
Chapter 13 Bankruptcythis type of bankruptcy sets a payment plan between the homeowner and the creditor monitored by the bankruptcy court.
Chapter 7 Bankruptcya bankruptcy that requires assets be liquidated in exchange for the cancellation of debt.
Charge-offThe balance on a credit obligation that a lender no longer expects to be repaid and writes off as a bad debt.
Charter NumberA unique number assigned to the credit union by NCUA, You can find a specific credit union’s charter number by visiting, http://researchcu.ncua.
Chattel mortgageA pledge of personal property as security for a debt. Also called a security interest or financing statement. For this survey, not a mortgage.
CheckA written order instructing a financial institution to pay immediately on demand a specified amount of money from the check writer's account to the person…
Check (Share Draft)A written order instructing a financial institution to pay immediately on demand a specified amount of money from the member's account to the person named…
Check 21 ActCheck 21 is a Federal law that is designed to enable banks to handle more checks electronically, which is intended to make check processing faster and…
check cashing service(1) "General facility" means a facility at a fixed location where a licensee may engage in the business of cashing checks, drafts or money orders and…
Check Deposit ReturnThe fee that is charged to an account holder if a check that is deposited in the account is returned by the paying bank (because of insufficient funds…
Check holdWhen you deposit a check, your bank or other financial institution may delay crediting the money to your account during what's called the check hold…
Check truncationThe conversion of data on a check into an electronic image after a check enters the processing system.
Checking accountA demand deposit account subject to withdrawal of funds by check.
Checking Account (Share Draft Account)A demand deposit share account subject to withdrawal of funds by check. Credit unions refer to a checking account as a share draft account.