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Category: O

OPEN BOOK

When liabilities have a shorter maturity date than the assets.

OPEN INTEREST

The number of outstanding futures not accomidated by delivery availability.

OPEN OUTCRY

When floor traders agree on terms by communication or hand signals.

ORJURER

L. Fr. In old English law. to forswear; to abjure.

ORDINARY DILIGENCE

is that degree of care which men of common prudence generally exercise in their affairs, in the country and the age in which they live. Erie Bank v. Smith. 3 Brewst. (Pa.)

OLCOTT V

Ga- bert. 86 Tex. 121, 23 S. W. 985. Also an overseer, (coadjutor of an executor,) and one who disseises a person of land not to his own use, but to that

OBiERATUS

Lat. In Roman law. A debtor who was obliged to serve his creditor till his debt was discharged. Adams, Rom. Ant. 49.

OBLOQUY

To expose one to “obloquy” Is to expose him to censure and reproach, as the latter terms are synonymous with “obloquy.” Bettuer v. Holt, 70 Cal. 275, 11 Pac. 710.

OBSTRUCTION

This is the word properly descriptive of an injury to any one’s incorporeal hereditament, e. y., his right to an easement, or profit d prendre; au alter- native word being “disturbance.” Ou

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