Category: O

1. Loan arrangement that enables individuals or businesses to borrow up to an agreed limit without prior approval. Overdrafts can be paid off at any time and interest is charged on the

A company that can no longer manage its expenses, due to excessive costs.

An Initial Public Offering (IPO) that attracts more demand than the offering size is considered oversubscribed, and will typically trade above the offering price when it hits the stock market.

The person who is the holder of particular property in public records.

A theoretical concept that includes the observer and the measuring device as a part of the entire system or in the system definition.

A pricing method that takes advantage of the psychological fact that customers are greatly influenced by certain prices or price ranges. Initially, this method was intended to enable accurate registration of transactions

items such as machinery and other goods that commercially produced, standardized and ready-made.

First compiled in 1969, this statistic is used by journalists and academic to measure aid and as an indication of the floor of international aid. The Development assistance Committee compiles the data

1. A country that is not one’s own. 2. Not located on land, but out in the sea

Products such as drill pipe and pipe casings that are utilized in the petroleum industry

Something that has been left out or not included (either deliberately or through neglect).

A location that provides just about everything a customer needs. This applies to various processes, like borrowing of funds, the obtainment of information or access to public services.

Photos, music or videos that are available on the internet for free or at a cost. These may or may not be copyrighted.

1. Bids that are not sealed. 2. A bid in response to an open bid request during a bidding contest.

A question that does not suggest any particular answers to the respondent. Open questions usually ask how, what, when, where or why, and require the respondent to answer in their own words.

Cargo insurance that provides compensation for damage to or loss of goods that were carried in a specified vessel or by a specified company, within a specific period. According to the policy,

A transaction that has not been completed by the end of a particular accounting period.

Measures how much revenue remains after operating costs are deducted, so companies can develop appropriate pricing strategies for their products and services.

Income generated with the intention of purchasing assets that will ultimately yield a higher rate of return.

The largest quantity of instruction a trainee or student can digest, without experiencing some loss of motivation or instructional uptake.