Personal Finance Glossary
Definition of Fixed Rate Mortgage
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An "obligor" is the person or entity required to perform on a debt or obligation. In loan... more
The "Options Clearing Corporation" or "OCC" is the world's largest equity derivatives clearing... more
An "odd lot" is a trading order for less than 100 shares of... more
"Off balance sheet financing" refers to a form of financing which is structured so as to not... more
The term "offering" refers to the offering of an issue of securities or bonds presented for sale. ... more
An "offering circular" is the document substantially similar to a prospectus used for securities... more
An "offering memorandum" is a document setting forth the terms of a private placement securities... more
An "office lease" is a legal contract where one party (typically referred to as the "landlord" or... more
An "official statement" is a securities document describing the offering of a municipal security,... more
An "original issue discount" or "OID" refers to a bond or other debt security that is issued at... more
An "online broker" is a stockbroker who has an online system for customers to buy and sell... more
An "online contract" is a contract that governs the use of a Web site by viewers of the site. The... more
An "open end fund" or "open end mutual fund" is the most common type of mutual fund. Investors may... more
An "open end mutual fund" or "open end fund" is the most common type of mutual fund. Investors may... more
An "opening bell" is a bell that rings to signify the day's start of trading on a stock... more
An "operating lease" is a lease that is not a capital or finance lease. An operating lease usually... more
"Operating margin" is the ratio of operating income divided by sales revenue, expressed as a... more
An "option" gives the holder of the option the right, but not the obligation, to buy or sell an... more
An "option agreement" is a contract giving the option holder the right to acquire an asset on... more
"Options backdating" refers to the granting an option that is dated prior to the date that the... more
The "Options Clearing Corporation" or "OCC" is the world's largest equity derivatives clearing... more
The term "options contract" refers to one option contract representing 100 shares of the underlying... more
The phrase "ordinary and necessary expenses" is a tax term relating to what is allowable as a tax... more
An "ordinary annuity" refers to a series of equal payments over a fixed number of... more
"Ordinary income" is income subject to taxation at full or ordinary rates rather than at favorable... more
An "ordinary loss" refers to a loss for tax purposes that is not a capital loss and that is fully... more
An "original issue discount" or "OID" refers to a bond or other debt security that is issued at... more
"Origination" in the loan context refers to a process whereby the lender or its agent handles the... more
The term "origination fee" refers to a fee charged by a lender in connection with making a loan. ... more
The term "origination points" refers to a fee charged by a lender in connection with making a loan.... more
The term "OTC" or "over-the-counter" refers to a market in which security transactions are... more
The "OTC Bulletin Board" or "Over-the-Counter Bulletin Board" refers to an electronic trading... more
The phrase "out of the money" refers to either (1) a call option whose exercise price is above the... more
"Out-of-pocket expenses" refers to direct outlays of cash. Companies will often reimburse... more
The term "outsourcing" refers to the concept of paying an outside company to handle internal... more
"Outstanding shares" are shares of a corporation that are issued and held by... more
The term "OTC" or "over-the-counter" refers to a market in which security transactions are... more
The "OTC Bulletin Board" or "Over-the-Counter Bulletin Board" refers to an electronic trading... more
The term "overallotment option" refers to the right of the underwriter in a registered public... more
The terms "overbought" or "oversold generally refer to stocks that are either viewed as priced too... more
An "overdraft" is a check written without sufficient funds to back it up. Such a check is also... more
"Overdraft protection" is a service that allows a checking account owner to use a savings account... more
"Owner financing" refers to a real estate purchase transaction in which the seller provides all or... more
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    Overdraft Protection

    "Overdraft protection" is a service that allows a checking account owner to use a...