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

Category: Finance

OTHER INSURED RIDER

Term used in auto insurance to cover a family member who is not the holder of the insurance.

OUT OF THE BOX THINKING

Problem solving that is not confined by self-imposed limits or convention. Free and innovative thinking results in the creation of unique solutions and ideas.

OUT-OF-THE-MONEY OPTION

A call option that is higher than the asset?s market price, or a put option that is lower than the asset?s market price.

OVER THE COUNTER (OTC) MARKET

1. UK: In the absence of a US-style OTC market, unlisted securities are traded through the London Stock Exchange’s (LSE) Alternative Investment Market. 2. US: The largest securities market in the US.

OVEREXPOSURE

Exposure to hazardous environments or substances beyond safe limits.

OVERNIGHT (O/N)

1. Trading in a foreign market when the local market is closed. 2. The time between today?s check-in time and tomorrow?s check-out time in hotels.

OVERSUPPLY

The amount of goods in excess of immediate demand. Oversupply results in lowering of prices, reduced profits and increased costs from storing excess inventory.

OXIDATION

The addition of oxygen or the removal of hydrogen during a chemical reaction. Opposite of REDUCTION.

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)

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.