CAPITAL EXPENDITURES 
Business spending on additional plant equipment and inventory. 

 

CAPITALIZED PROPERTY 
Personal property of the agency which has an average dollar value of $300.00 or more and a life expectancy of one year or more. Capitalized property shall be depreciated annually over the expected useful life to the agency. 

 

CASH DISCOUNT 
An incentive offered by the seller to encourage the buyer to pay within a stipulated time. For example, if the terms are 2/10/N 30, the buyer may deduct 2 percent from the amount of the invoice (if paid within 10 days); otherwise, the full amount is due in 30 days. 

 

CASH FLOW 
An accounting presentation showing how much of the cash generated by the business remains after both expenses (including interest) and principal repayment on financing are paid. A projected cash flow statement indicates whether the business will have cash to pay its expenses, loans, and make a profit. Cash flows can be calculated for any given period of time, normally done on a monthly basis. 

 

CHARACTER  
A letter, digit, or other symbol that is a part of the organization, control, or representation of data used in computer systems. 

 

CHARGE-OFF  
An accounting transaction removing an uncollectible balance from the active receivable accounts. 

 

CHARGED OFF LOAN 
An uncollectible loan for which the principal and accrued interest were removed from the receivable accounts. 

 

CLOSING 
Actions and procedures required to affect the documentation and disbursement of loan funds after the application has been approved and the execution of all required documentation and its filing and recording where required. 

 

CLOSED LOAN 
Any loan for which funds have been disbursed and all required documentation has been executed, received, and reviewed. For statistical purposes, first or total disbursement is counted as a closed loan.