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]
commercial transactions
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...
charter
First, a charter can be defined broadly as the highest law of an entity. More specifically:
In corporate law, the articles of incorporation. In public law, the instrument by which a municipality is incorporated (e.g., city charter...chattel paper
Chattel paper refers to a document used in secured transactions to sell property on credit while retaining some interest in the property. Chattel paper must show:
A monetary obligation from Party A to Party B, and A security...check-kiting
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...
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
[Last...
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...