Archives: Glossary

CAMBER

A slight bending or arching to a convex angle. Used to prevent beams, girders, flooring, ship decks, timbers, and similar load- bearing members, from taking a concave shape.

CAMINO

A Spanish word meaning highway.

CANAL

(1) A man made waterway used to connect bodies of water for navigation. (2) An irrigation waterway.

CANCELLATION CLAUSE

A clause in a lease or other contract, setting forth the conditions under which each party may cancel or terminate the agreement. The conditions may be as simple as giving notice or complex and require payment by the party desiring to cancel.

CANDLE

A measure of light, being the luminous intensity of a 7/8 inch sperm candle burning at 120 grains per hour. An international candle is based on the burning of platinum.

CANDLE HOUR

A measure of light, equal to one candle burning for one hour.

CANTILEVER

A structural support which itself is supported at one end only and bears its load through its material strength and rigidity.

CANTILEVER BRIDGE

A bridge formed by two cantilevered members extending toward each other and connecting each other or a suspended span.

CAP

(1) A maximum amount of charge. Example: An Adjustable Rate Mortgage with a 5% rate cap could not adjust the interest rate by more than 5%. (2) A fitting used to seal, such as by a plumber to seal (cap) a pipe end. (3) A cornice, lintel, or top of a structure member such as a column.

CAPACITY

One’s ability to carry on normal business transactions. Lack of capacity may be natural (unsound mind) or simply by law (a minor). Restrictions may be full or partial.

CAPE COD HOUSE

An adaption of the New England cottage. May be one or two stories with sloping roof, usually with dormer windows, cornices, and of frame painted white.

CAPITA

Literally, heads. Commonly, persons individually. See also: Per Capita.

CAPITAL

Money used to create income, either as investment in a business or income property.

CAPITAL ASSETS

Assets of a permanent nature used to produce income, such as machinery, buildings, equipment, land, etc. Must be distinguished from inventory. A machine which makes pencils, for example, would be a capital asset to pencil manufacturer, but inventory to the company whose business is to sell such machines.

CAPITAL EXPENDITURES

Money spent on improvements such as land, buildings, machinery, and similar major expenditures which are not inventory.

CAPITAL GAIN

Gain realized from the sale of a capital asset. The difference between the purchase and sale price less allowable deductions, plus depreciation.

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