Category: O

The adoption of large-scale changes to organizational policies, processes, structures or strategies.

The sum of all knowledge within an organization, pooled between all of its members.

1. Company that manufactures or produces complete end products or subassemblies used within end products. 2. Computers: A custom manufacturer who puts together and sells whole computer systems, rather than simply producing

This income is obtained by transactions outside of day-to-day business operations.

Work that is considered beyond the scope of the original contract, requiring an alteration to the cost or price.

An initial set of specifications, upon which more detailed specifications are based later in the design process.

An individual whose insurance coverage is worth more than the item(s) being insured.

This is the maximum amount of money that one bank will transfer to another in one day, limiting the bank?s exposure to monetary transfer risks.

The amount by which an insurer has exceeded its usual capacity (or has committed beyond its usual capacity).

It is the condition where the number of shares is less than the demand from buyers. The stock price is pushed higher as a result.

The capital invested in a corporation, based on the deduction of the book value of liabilities from the book value of assets.

An old slang term to refer to diabled individuals or the elderly who depend on the insurance and other funds that are sanctioned by the government. Social Security is the current term

Property or items that experience a rapid fall in usefulness, value or competitiveness are characterized as being obsolete. It occurs due to the availability of cheaper and better alternatives or due to

Brokers who charge a higher rate of commision to combine odd lot orders and then filling them out as round orders.

An asset that is not yet recorded on the balance sheet, but that which has a good sign of growing in economic value in the near future.

The rate determined by the federal government that is calculated for money market investors.

The branch of a foreign bank which does not accept deposits from local residents, but accepts deposits from other foreign banks and OBU’s, in addition to making Eurocurrency loans. They have limited

1. An oil producing area such as the Gulf of Mexico 2. A colloquial term that refers to the oil industry

Also known as a Passed Dividend, a dividend that has not been declared as expected.

This is a one-time promotion that will never happen again, which must be recorded as such on the company’s ledger.