CVS server/db doesn't keep track of where you checkout the files?

Just to give some info, I have worked with ClearCase a lot.
So far, one thing I find very comfortable or uncomfortable is: CVS server or
database seems doesn't care where you store the checkout files. For example,
I can do a "cvs checkout projects" to my home directory, e.g
/home/jirong/projects. Then if I don't like it, I can just go ahead delete
it. If I want to move, I can move it to
/home/jirong/projects_trunk/projects, and continue do whatever I like.

It seems CVS server doesn't keep track where I store the checkouts at client
side. Am I right?

Thanks
Jirong