What Was the Crime of 1873? The “Crime of 1873” was the notable omission of the standard silver dollar from the coinage law passed by Congress on February 12, 1873, and signed into law by President Ulysses S. Grant. This omission subsequently paved the way for the United States’ adoption of the gold standard, which
What Is Crisis Management Coverage? Crisis management coverage is insurance coverage designed to help a business limit the negative impact of events on the business’ reputation. It is an insurance agreement usually made as part of technology errors and omissions (E&O) and Internet/online property and liability insurance policies. Larger corporations are the most frequent buyers of
What Is Critical Mass? Critical mass is the point at which a growing company becomes self-sustaining and no longer needs additional investment to remain economically viable. It is a crucial stage in the development of a growing company. It is the point at which the business becomes profitable enough to continue growing by itself and no
What Is Critical Path Analysis? Critical path analysis (CPA) is a project management technique that requires mapping out every key task that is necessary to complete a project. It includes identifying the amount of time necessary to finish each activity and the dependencies of each activity on any others. Also known as the critical path method
What Is CRM2? CRM2, short for Client Relationship Model 2, refers to rules for Canadian investment dealers and advisors that require greater transparency about the cost and performance of client accounts. The regulations, which were fully implemented in mid-2017, were the second stage of a reform of the client relationship model by the Canadian Securities Administrators (CSA).
What Is Crop-Hail Insurance? Crop-hail insurance is a type of insurance that provides coverage for damage and destruction by hail and fire. Purchased by farmers, it is designed to protect agricultural products while they are still in the field and have yet to be harvested. Crop-hail insurance protects the livelihood of farmers, who are often at
What Is a Crop Year? A crop year is a period from one year’s harvest to the next for an agricultural commodity. The crop year varies for each product. The crop year influences the price of a commodity, since the quality of the harvest may differ from year to year, depending on weather conditions and
What Is a Cross? The term “cross” has three primary definitions in finance: The first type of cross is when a broker receives a buy and sell order for the same stock at the same price, and subsequently makes a simultaneous trade between two separate customers at that price. Variations of this are the market
What Is Cross-Border Financing? Cross-border financing—also known as import and export financing—refers to any financing arrangement that occurs outside a country’s borders. Cross-border financing helps businesses participate in international trade by providing a source of funding that enables them to compete globally and conduct business beyond their domestic borders. Cross-border financing sometimes requires the lender
What Is Cross Collateralization? Cross collateralization is the act of using an asset that’s collateral for an initial loan as collateral for a second loan. If the debtor is unable to make either loan’s scheduled repayments on time, the affected lenders can eventually force the liquidation of the asset and use the proceeds for repayment.
