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

Category: O

ORGANIZATION AND METHODS (O&M)

Assessment of organizational hierarchy, policies and procedures, and management systems. The aim is to identify organizational inefficiencies, relative to rival organizations, usually within administrative functions.

ORGANIZATIONAL ECONOMICS

Economic theory that deals with transactions within organizations, rather than between organizations. Focuses on decision-making, risk management, organizational structure, employee remuneration, etc.

OUT OF PRINT

A publication of which no copies remain for sale or distribution.

OUTLINE OF COVERAGE

A summary of the benefits and coverage (plus exclusions and premiums) of an insurance policy. This outline is not all-inclusive, and will only contain some of the information from the main policy

OVER CAPITALIZATION

A situation in which a company has generated too much capital. This devalues the company?s assets and earnings become insufficient to pay dividends and interest. This problem is usually solved by buying

OVERDRAFT

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

OVERLEVERAGED

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

OVERSUBSCRIBED

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.

OWNER OF RECORD

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

OBSERVER INSEPARABILITY

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

ODD EVEN PRICING

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

OFF THE SHELF ITEM

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

OFFICIAL DEVELOPMENT ASSISTANCE (ODA)

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

OFFSHORE

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

OMITTED

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

ONE STOP SHOP

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.

ONLINE MEDIA

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

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