Category: O

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.

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

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

A latin term meaning said in passing, it is a judge’s statement that is based on some established facts, but does not affect the judgement.

Items that are utilized as a replacement for other similar items until they are completely used up.

The level of or concentration of odorous vapor in the air that is detected by only fifty percent of the test subjects.

A partnership between two companies to raise investment capital. Often, companies resort to the formation of illegal partnerships.

The original document that is legally recognized and thus ensuring the quality of a fact when it is established. Official records are documented and kept for the entire duration of their retention.

Countries such as Singapore, Luxembourg, etc which offer little to no government interference in the activities of legitimate business owners and financial institutions. OFC’s offer very low income tax rates, often zero

A harbor located in the middle of the sea to accommodate giant tankers and as such they are equipped with the tools and machines to load, receive and store oil

Acting in the place of someone else.

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.

1. A rate that has not yet been finalized. 2. The highest one-time rate an advertising medium (e.g. newspaper, radio station, etc.) can charge.

A loan that can be expanded incrementally, up to a fixed limit. The loan is secured by the same mortgage throughout.

A legal outcome that automatically occurs whether or not the affected party intends it to.

The wage employers can pay workers under 20 years of age. Although lower than minimum wage, there are several restrictions on its use.

Situation in which a company is producing a high quantity of goods at the lowest possible cost per unit.