Category: O

A measure of changes following a phase transition. For instance, when a liquid becomes a gas, the order parameter would be density. Order parameters can be used to measure variables occurring as

A record detailing an agent?s ordinary policies, held by the relevant agency or insurer.

Created in 1948 in Bogota, Colombia, to promote Latin American and Caribbean economic and social development, there are currently 34 member states. Cuba was one of the founding members, but its membership

This is largely undocumented experience, insight, knowledge and skill acquired over the years by individuals within an organization. Although it can be transferred to new employees through formal and informal mentoring and

The principal a borrower owes before making any payments on a mortgage.

Term used in auto insurance to cover a family member who is not the holder of the insurance.

Problem solving that is not confined by self-imposed limits or convention. Free and innovative thinking results in the creation of unique solutions and ideas.

A call option that is higher than the asset?s market price, or a put option that is lower than the asset?s market price.

1. UK: In the absence of a US-style OTC market, unlisted securities are traded through the London Stock Exchange’s (LSE) Alternative Investment Market. 2. US: The largest securities market in the US.

Exposure to hazardous environments or substances beyond safe limits.

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