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

Category: Finance

OVER, SHORT, AND DAMAGED (OS&D)

This report is lodged by the receiver of shipment. In this report a claim against the carrier of the shipment is made to cover the cost of over-shipment, short-shipment and goods damaged

OVEREXTENDED

This occurs when one has taken on commitments beyond one?s capacity to meet (e.g. financial, production, orders).

OVERNIGHT DELIVERY

A delivery that is guaranteed to arrive at its destination the day after it ships.

OVERT ACT

A physical action that gives someone reasonable belief that another party intends to harm or kill them, used to justify self-defense.

OXIDIZE

The chemical alteration of a substance by mixing it with oxygen.

NOMINAL RATE OF TARIFF

The duty associated with imported goods that does not take into consideration the effect of inflation or other taxes. As such it is not a true reflection of the price at the

NON VALUE ADDING COST

time and monetary costs that increase the total cost of an activity without enhancing the value of the goods or services in the eyes of the customer

NON-BASE BUDGET

Often a budget for a onetime project, such as the recruitment of staff on a temporary basis, or a special project, that is assigned to a department in a company as a

NONCOMPETITIVE TENDER

An investor’s bid to gaining possession of a debt issue whose price depends on the yield or average discount rate of all bids combined. A minimum price of $10,000 is the standard

NON-CURRENT LIABILITY

A long term liability or financial obligation that has to be settled in a period that is longer than 12 months.

NONDURABLE GOOD

Products with a short life span due to a low service value or a one-time use characteristic.

NON-GOVERNMENTAL ORGANIZATION (NGO)

A organization that has no affiliation to the government and performs voluntary operations in the field of education, wildlife,etc. They are usually funded by the UN or by benefactors. The donations are

NON-OBJECTING BENEFICIAL OWNER (NOBO)

A stock owner who gives authority to the brokerage through which he holds the stock, to diclose his details to the underlying company. The company is thus able to contact him regarding

NON-PROBABILITY SAMPLE

A variation of unit sampling wherein the probability of picking some of the samples is zero, and identity of those that will be picked for sampling is unknown.

NON-RECURRING INCOME

One time sales of assets, or insurance settlements that are unique in nature and unlikely to occur again during the normal course of operation for a business.

NON-TRADE DEBT

Interest owed to an individual investor, that does not constitute a trade.

NORTH

A term collectively used to refer to developed countries, most of whom are located to the north of developing countries(also known as the south)

NOT TAKEN

A policy that has been rejected or not claimed by the insured even though they are eligible for the policy claims.

NOTICE OF TITLE

Knowledge made available to the buyer that the title is subject to claims by parties other than the seller.

NUCLEAR WASTE

Radioactive, hazardous waste products that are produced at the end of the manufacturing cycle of nuclear processes. They are radioactive for hundreds of years and as such safe disposal involves burial deep

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