Settlement of a class action suit, which are usually in the form a very large payout divided among the members of the class. … [Read more...] about CLASS ACTION SETTLEMENT
C
CLAYTON ACT
Amended provisions of the Sherman Antitrust Act of 1890 in 1914. It prohitibits price discrimination and exclusive-dealing agreements and other mergers which are anti-competitive and near monopoly practices. … [Read more...] about CLAYTON ACT
CLASSIARIUS
A seaman or soldier serving at sea. … [Read more...] about CLASSIARIUS
CLAYTON ANTITRUST ACT
The expansion of the Sherman Act, created in 1914, this is the Federal Antitrust Act which prohibits anti-trust activities, the interference with interstate commerce and trade whether done directly or indirectly. … [Read more...] about CLAYTON ANTITRUST ACT
CLAIM OF RIGHT
A tax doctrine in the U.S. which requires that taxpayers report and recognize income when there are no significant qualifications or contingencies to the income and has control over the income, such as having to return the cash received. In such instances, the IRS would issue a credit when the money is returned by the taxpayer. … [Read more...] about CLAIM OF RIGHT