CRUSH SPREAD

A SPREAD in the GRAINS market reflecting the price differential between soybeans (as feedstock) and soybean oil or soybean meal (the two main byproducts); the spread can be traded through a single FUTURE or OPTION contract on certain EXCHANGES. A hedger or speculator can buy the crush spread (e.g., purchase soybeans and sell oil or meal) to take advantage of positive margins, and sell the spread (e.g., sell soybeans and purchase oil or meal) to profit from negative margins.

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CRY

To call out aloud; to proclaim; to publish; to sell at auction. “To cry a tract of land.” Carr v. Gooch, 1 Wash. (Va.) 335, (260.) A clamor raised in the pursuit of an escaping felon. 4 BL. Comm. 293. See HUE AND CRY.

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CRY DE PAIS, OR CRI DE PAIS

The hue and cry raised by the people in ancient times, where a felony had been committed and the constable was absent.

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CRYER

An auctioneer. Carr v. Gooch, 1 Wash. (Va.) 337, (262.) One who calls out aloud; one who publishes or proclaims. See CRIER.

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CROSSED TRADE

A practice where ORDERS to buy and sell listed securities are matched (

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CROWN

The sovereign power in a monarchy, especially in relation to the punishment of crimes. “Felony is an offense of the crown.” Finch, Law, b. 1, c. 16. An ornamental badge of regal power worn on the head by sovereign princes. The word is frequently used when speaking of the sovereign himself, or the rights, duties, and prerogatives belonging to him. Also a silver coin of the value of five shillings. Wharton.

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CROWN CASES

In English law. Criminal prosecutions on behalf of the crown, as representing the public; causes in the criminal courts.

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CROWN COURT

In English law. The court in which the crown cases, or criminal business, of the assizes is transacted.

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CROSS-APPEAL

Where both parties to a judgment appeal therefrom, the appeal of each is called a Òcross-appealÓ as regards that of the other. 3 Steph. Comm. 5S1.

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CROWN DEBTS

In English law. Debts due to the crown, which are put, by various statutes, upon a different footing from those due to a subject.

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