Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: O

ON THE FACE

Immediately evident, based on superficial observation.

ONLINE ADVERTISING MEASURES

There are five basic measures for online marketing: 1. Number of unique visitors. 2. Number of visits to a particular website. 3. Number of page views (a website usually consists of multiple

OPARIN BUBBLE THEORY

The hypothesis, proposed by Aleksandr Oparin in 1924, that life originated spontaneously from non-living elements (e.g. methane, water vapor, hydrogen). Also known as abiogenesis theory.

OPEN DEBIT

A debit that does not have an agent at the moment.

OPEN MOUTH OPERATIONS

Buying and selling of US Treasury Funds by the Federal Reserve, intended to affect inflation, monetary supply and interest rates. Such operations are rare, as the financial sector usually takes similar action

OPEN SYSTEM

1. Computing: A system designed according to known standards that can interact freely with other systems using the same standards. Open system standards must be fully defined, stable over a long period

OPERATING CASH FLOW

Overall income, adjusted for depreciation and the amortization of costs and assets.

ORDER CARD

A document that confirms an order is being placed.

ORDINARY DEBTS

Debts that are not secured and have no special claim on the debtor?s assets. Secured and preferential debts will be satisfied before ordinary debts.

ORGANIC ORGANIZATION

Organic organizations consist of employees of similar status without formal job titles or responsibilities, so individuals can perform the tasks to which they are best suited. Decision making is informal without resort

ORGANIZING

1. The arrangement of several entities into a logical pattern or structure. 2. Pulling together the resources necessary to achieve shared objectives.

OUT OF AREA

Any treatment an insurance policy holder receives that is outside of the usual service area.

OUTLAY

1. Accounting: The sum of all costs that are incurred during the acquisition of an asset or property. Includes taxes, the retail price and additional charges for installation and delivery. 2. Economics:

OVERCAPACITY

When production capacity exceeds the demand for a product.

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