DefinitionOliver Eaton Williamson is an American economist, a professor at the University of California, Berkeley, and recipient of the 2009 Nobel Memorial Prize in Economic Sciences, which he shared with Elinor Ostrom. Oliver E. Williamson What is 'Oliver...
DefinitionThe Offer in Compromise program, in the United States, is an Internal Revenue Service program under which allows qualified individuals with an unpaid tax debt to negotiate a settled amount that is less than the total owed to clear...
Definition
The term flexible mortgage refers to a residential mortgage loan that offers flexibility in the requirements to make monthly repayments. The flexible mortgage first appeared in Australia in the early 1990s, however it did not gain popularity until the...
DefinitionThe Makki Investment Fund is a sovereign wealth fund,established in 2006 in accordance with a Royal Decree of His Majesty the Sultan of Oman. The Fund makes medium to long-term investments, globally and domestically, to diversify the government of...
What is 'Odd Lot Theory'
A technical analysis theory/indicator that is founded on the notion that the tiny individual investor is always incorrect in their investments. Consequently, if odd lot sales are increasing, indicating that tiny investors are selling their...
Definition
The Oil Pollution Act of 1990 was passed by the 101st United States Congress and signed by President George H. W. Bush. It works to avoid oil spills from vessels and facilities by enforcing removal of spilled oil and...
Most people think of competition in terms of outdoing the competition, beating them at their own game. But what if you could take the competition by surprise and beat them before they even had a chance to react? This...
What is 'October Effect' The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological expectation rather than an actual phenomenon. Most statistics go against the...
What is the old economy
The old economy is an economic system that is based on traditional industries such as manufacturing and agriculture. This system is often contrasted with the new economy, which is based on knowledge-intensive industries such as...
What is 'On-Balance Volume (OBV)' On-balance volume (OBV) is a momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville developed the OBV metric in the 1960s. He believed that, when volume increases...