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

Category: Finance

ORDINATE

The vertical axis of a chart / graph (i.e. the ?y? axis).

ORGANIZATIONAL BEHAVIOR

Actions and attitudes of individuals, groups and structures within an organization that can affect its function and performance.

ORIGINATOR

This company writes loans for multifamily / commercial properties.

OTHER PEOPLE’S MONEY (OPM)

Money borrowed without security or contributed my minority shareholders. Acronym is pronounced ?opium?, to reflect the power it can have over people who forget it must be paid back.

OUTCOME MEASURE

Evaluation of results of a process, activity or a plan, to be compared with expected results.

OUTPLANT

Facility that is far from the main plant.

OVERHEAD ABSORPTION

Applying an amount of overhead costs that reflects the expense of producing goods or services.

OVERREACHING

A legal process that converts interest in one asset to interest in another.

OVERTIME SCHEDULED

Overtime that has been planned ahead of time, to facilitate early completion of a job, or to provide ?out of hours? support.

NOMINALISM

1.Nominalism is a legal concept that states that the amount that is due remains the same in the event of a currency appreciation or depreciation. 2.It is also a philosophical concept that

NONACCOUNTABLE PLAN

An understanding or arrangment between the employer and employee that accounts for the reimbursement of employee expenses unrelated to the business. It also refers to reimbursements that were not requested within the

NON-CALLABLE

A type of financial equity that requires the payment of a penalty if it is redeemed before the maturity date. This protects the holder from the income loss that is caused by

NONCONFORMANCE COSTS

Costs that occur when product quality is not up to standard. It also results due to production imperfections and includes both internal and external costs.

NON-DEPOSITORY FINANCIAL INSTITUTION

An intermediary organization such as the government that facilitates transactions between the savers and borrowers. Time deposits are however not accepted. These intermediaries source their lending activities through the sale of securities

NON-EXPENDABLE INVENTORY

Capital goods such as machinery that are not used up during a manufacturing process and thus retain their identity and features.

NONISSUER TRANSACTION

Financial transaction with neither a direct nor an indirect execution to the benefit of the user. Sometimes, these transactions do not need to be registered with the Securities and Exchange Commision (SEC).

NON-OPERATING GAIN

The profit realized from activities such as the sale of an asset, which is not related directly to the firm’s primary business operations.

NON-PROFESSIONAL SUBSCRIBER

A person who engages in investment activities but is not involved or affiliated to the SEC or other agencies. Also, a person who is not an investment broker, but is actively involved

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