Category: O

Calculated by dividing overhead costs over a given period by production activity.

1. The income from commissions received by a sales manager, based on the total sales made by his or her subordinates. 2. The payment of fees by a seller to a broker

1. General: Occurs when a business conducts more transactions than its working capital can sustain, straining cash flow and creating the risk of insolvency. 2. Securities trading: A trader?s attempt to extract

A provision within insurances policies that allows a policy to be owned by someone other than the person insured.

The oath taken by representatives who are elected to the legislature. This oath obligates them to the constitution or monarch of the country.

A standard that is based on factual measurements, in the absence of a biased judgement or analysis. TLD Example: The use of a reasonable person standard to determine whether someone acted negligently

Items that are replaced due to their fall in value or functionality as a result of the availability of cheaper and better stock. They are cleared through the use of significant discounts

Medical practices such as diagnostics and therapy that are related to occupational hazards.

Used primarily in the telecom industry, it is a substitute name for a 8bitbyte.

A statement that is intended to be a part of the proceedings such as a court case.

The record of the transaction on the balance sheet that corresponds to the amount spent on the purchase of office supplies.

Cards that have a slight delay in the processing of the seller’s transactions and as such the seller’s account is only credited with the amount after two days. In comparison, funds are

A trust that is set up in a location, usually another country, different from the trustor’s location.

The system acts for the provision of benefits for elders, disabled workers and their dependents as established by the Social Security Act in 1935.

Common term used in shipping documents, such as bills of lading. Its use is not standardized, but the term usually means that the goods have been “received for carriage”. This may or

A consumer who purchases only one product or service from a business. With the correct incentives, a one-time buyer may become a repeat customer.

1. The country in which you legally reside (and whose courts have jurisdiction over you). 2. On dry land, not at sea.

A bidding contest that concludes with the opening of sealed bids in a public forum, enabling all interested parties to witness the bids.

A period of time in which individuals can openly choose an alternate insurance plan, without being re-assessed for insurability

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,