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

ORIGINATOR

This company writes loans for multifamily / commercial properties.

ORTHOGRAPHIC PROJECTION

Used in elevations, floor plans and drawings of building sections, orthographic projections are 2D isometric views of a 3D object at right angles to the views and lines of sight, drawn to

OSCILLATION

One complete cycle of to and fro motion from one extreme to another, and back to the original position.

OSMOSIS

Movement of a solvent towards a higher concentration solution from a lower concentration solution. Osmosis occurs through a semipermeable membrane that keeps the two solutions separate, but can be passed by the

OTHER ASSETS

Classification term that applies to minor assets (e.g. scrap value of outmoded equipment) when recorded on balance sheets.

OTHER COSTS

Classification term that applies to costs not recorded as direct labor, direct material or overheads.

OTHER INCOME

This income is obtained by transactions outside of day-to-day business operations.

OTHER INSURANCE CLAUSE

This condition is found in almost all insurance policies (except life insurance). It stipulates that, if multiple policies apply to a given risk, any associated losses will be paid from all relevant

OTHER INSURED RIDER

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

OTHER LIABILITIES

Classification term that applies to small liabilities, or interest-free liabilities that are payable for a period of more than one year.

OTHER PEOPLE’S MONEY (OPM)

Money borrowed without security or contributed my minority shareholders. Acronym is pronounced ?opium?, to reflect the power it can have over people who forget it must be paid back.

OTHER SOURCES

Sources of additional funding during a business period, other than depreciation or tax deferral. Sources include lease agreements, retained profits, hire purchases, etc.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.