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

Category: Finance

NOTICE TO APPEAR

An order by the court mandating an individual’s presence at the hearing on the specified date.

NUMBERED ACCOUNT

The allocation of a unique number to identify an account holder instead of his name. All banks follow this system of allocation and reference.

OBJECT LINKING AND EMBEDDING (OLE)

A technology developed by Microsoft that allows for information from different media to be inserted into another file through two methods. (1) Linking: The files involved are separate, But through a link,

OCCUPATIONAL DISEASE

Diseases or disorders to the health caused due to an involvement in a particular occupation. Reffered to as industrial disease, it causes cancers in workers in the chemical industry, and other such

OFF BALANCE SHEET FINANCING (OBSF)

The financial contribution of sources that are neither equity investors or lenders, and thus are not included in the presentation of the asset and liability balance sheet. Through the use of OBSF,a

OFFICE AUTOMATION

The use of automated machines to carry out tasks that would otherwise require a person with clerical skills to communicate, document and complete tasks.

OFFICIALS

1. A person or a group of individuals who are tasked with assuming the responsibility for the control and regulation of an activity that is fair to all participating parties. They are

OFFSHORE OUTSOURCING

Work completed at a much lower cost for the company by the people in another country. Also, offshore outsourcing is used to accomplish tasks that the company is sometimes ill-equipped to deal

OKUN’S LAW

Stated by US economics professor Arthur M. Okun, the law defines the relationship between a fall in Gross National Product and unemployment. It states that unemployment increases by one percent for every

ON DEMAND PRINTING (ODP)

Using advanced printing technology, ODP can produce a commercial quality print run of up to a few hundred copies in just a few hours.

ONE-WRITE SYSTEM

This is a system that captures all data when a transaction is made. Erasing the need to copy information later makes this an efficient system.

ONTOLOGY

Branch of metaphysics concerned with the study of being and the nature of existence. Also describes the assumed components of a categorisation system, concept or theory.

OPEN CORPORATION

Firms with shares that are publicly traded, not owned by a small number of investors. This is the opposite of a closed corporation.

OPEN JAW TICKET

A ticket that covers travel from the port of departure to one destination, and return travel to the port of departure from a different destination (e.g. Newcastle-Melbourne / Perth-Newcastle). The passenger is

OPEN SHOP

Open shop firms may be any of the following: 1. Firms that don?t require employees to be members of a union, 2. Firms that refuse to deal with unions, 3. Firms where

OPENING ENTRIES

The first bookkeeping entries of a new firm, account or accounting period.

OPERATOR

1. Any person or a device that enables another device to function. 2. A function used in mathematics, usually given a symbol (such as + or -). 3. In telecoms, one might

OPTICAL DATA STORAGE SYSTEM (ODSS)

Any system that enables the storage of digitized data on magnetic media (e.g. CDs, DVDs), with database indexing so that data can be retrieved online.

OPTION PRICE

The price to be paid by an investor for an option contract, based upon the security of the underlying asset and the time left until the option expires.

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