Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance

NOTICE OF LOCKOUT

When negotiations break down between the employer and the recognized trade union, this statement to the related government agencies filed by the employer acts as a notification to stop business activities and

NOVEL

1. Usually refers to an idea or action that is considered to be unique and unusual. 2. A comprehensive fictional story that ties elements of literature such as dialogues, characters, etc, to

NYSE ARCA

The exchange of stocks and exchangetraded funds is possible through this electronic trading platform. It also offers efficient and lightning quick execution of orders and also provides direct access to the market.

OBSERVER INSEPARABILITY

A theoretical concept that includes the observer and the measuring device as a part of the entire system or in the system definition.

ODD EVEN PRICING

A pricing method that takes advantage of the psychological fact that customers are greatly influenced by certain prices or price ranges. Initially, this method was intended to enable accurate registration of transactions

OFF THE SHELF ITEM

items such as machinery and other goods that commercially produced, standardized and ready-made.

OFFICIAL DEVELOPMENT ASSISTANCE (ODA)

First compiled in 1969, this statistic is used by journalists and academic to measure aid and as an indication of the floor of international aid. The Development assistance Committee compiles the data

OFFSHORE

1. A country that is not one’s own. 2. Not located on land, but out in the sea

OMITTED

Something that has been left out or not included (either deliberately or through neglect).

ONE STOP SHOP

A location that provides just about everything a customer needs. This applies to various processes, like borrowing of funds, the obtainment of information or access to public services.

ONLINE MEDIA

Photos, music or videos that are available on the internet for free or at a cost. These may or may not be copyrighted.

OPEN BID

1. Bids that are not sealed. 2. A bid in response to an open bid request during a bidding contest.

OPEN ENDED QUESTION

A question that does not suggest any particular answers to the respondent. Open questions usually ask how, what, when, where or why, and require the respondent to answer in their own words.

OPEN POLICY

Cargo insurance that provides compensation for damage to or loss of goods that were carried in a specified vessel or by a specified company, within a specific period. According to the policy,

OPEN TRANSACTION

A transaction that has not been completed by the end of a particular accounting period.

OPERATING PROFIT MARGIN

Measures how much revenue remains after operating costs are deducted, so companies can develop appropriate pricing strategies for their products and services.

OPTIMAL STEP

The largest quantity of instruction a trainee or student can digest, without experiencing some loss of motivation or instructional uptake.

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