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

Category: Finance

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When an initial public offering of shares is made, this is a list of investors who have subscribed to buy shares.

ORGANIC GROWTH

The rate at which a company will grow using only its own resources, without borrowing or buying other firms.

ORGANIZATIONAL COMMUNICATION

The study of communication within and between organizations. It considers the impact of communication structures on the individuals within those structures, and can contribute to effective management.

ORGANIZED CRIME

Long-term criminal activity conducted in a structured and systematic manner, with the aim of generating illicit income. The activities and techniques vary, often involving violence, theft, fraud and trade in illicit items

OTHER STRUCTURES

Structures that are covered by homeowner insurance, but that are not part of the main property (e.g. sheds, garages, gazebos).

OUTGO

Operating costs that exceed income generation.

OUTPUT GAP

The gap that exists between the actual GDP of a country and the GDP of the country at maximum capacity or efficiency. A negative output gap suggests improper allocation or use of

OVERHEAD RATIO

The amount of revenue that must be generated to cover the daily cost of manufacturing.

OVERRUN

1. A product (or print) run that exceeds orders for the finished articles. 2. A cost in excess of the budgeted amount.

OWN PRICE ELASTICITY OF DEMAND

The increase (or decrease) in the demand for a product, divided by the decrease (or increase) in its price, assuming other variables remain constant.

NOMINAL PARTNER

A person who neither has ownership rights or active involvement in the firm’s affairs, but has a strong interest in the success of the partnership firm. Often a well known, well connected

NOMOGRAM

A chart with more than three parallel lines that have a high degree of calibration and alignment, such that, a straightline placed on two known values on two different line will lead

NONADMITTED INSURER

An insurer lacking the proper license to set up or do business in a certain location or country.

NON-CASH EXPENSE

Expenses such as amortization and depreciation that do not involve cash transactions, yet show up on an income statement.

NON-DISCHARGEABLE DEBT

A monetary obligation that is not disbursed immediately upon the sale of an individual’s assets or his declaration of bankruptcy. These include the incurred but unpaid taxes.

NON-FINANCIAL ASSETS

Assets such as the manufacturing facility that are listed on a company’s financial statement.

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