Category: O

This is a type of system commonly used by governments to record expenses that may be used only within a specific contractual period.

The date that publications are scheduled for newsstand delivery by the distributor. The on-sale date determines when the publication in question, based on its frequency, is due for submission.

An online business practice that allows a seller and purchaser to execute a transaction through the use of electronic communication.

Technical specification that provides security and privacy when financial information is exchanged via the Internet. However, lacks authentication and authorization functions, which are instead provided by third party vendors.

A system that enables insurers to use rates not previously approved by the state.

Balance at the beginning of a new accounting period, brought forward from the previous period.

The impact upon continued operations caused by accidents and disasters.

Explicit permission to continue sending marketing information to an individual. Once this permission has been acquired, the individual must generally choose to opt out to stop receiving marketing materials.

On this date, payment is necessary for reservation purposes.

Statements that are given orally by an attorney, either in defense of a client or to rebut the opposing party?s statements.

Sale of assets without pressure to sell as quickly as possible or to accept whatever offers are made. See FORCED SALE.

Company resolution that involves unexceptional company business and requires only a simple majority vote to be passed, without prior notification of the proposal.

The most famous cartel in the world, made up of 12 major producers of petroleum (constituting about 40% of global oil exports). It was created in 1960, to fix crude oil prices

This process entails staffing and resource allocation to immediate and long-term goals, and is one of the most vital responsibilities of a management team.

To commence existence.

A record of a company?s debt obligations that don?t pay out interest on the loan?s principal amount.

Money that the company must pay out (e.g. salaries, supplies, rents, taxes). Hopefully, the total outbound cash flow will be less than inbound cash flow (i.e. money coming into the business).

A market analyst recommendation that means a stock will generate slightly better returns than the market as a whole.

Credit balance in a factory overhead account, caused by over-estimating the cost of overheads in a given period.

Describes the bit of roof that extends beyond an exterior wall.