What is 'One Man Picture' A situation in which the bid quote and ask quote for a security is provided by a single source. A one man picture is a two-way price given by a broker to...
What is 'Odd Date' A type of maturity date for foreign-exchange contracts. Odd dates are neither spot nor fixed dates; they are simply random, unrelated dates. Explaining 'Odd Date' For example, if a foreign...
DefinitionIn international law, odious debt, also known as illegitimate debt, is a legal theory that says that the national debt incurred by a despotic regime should not be enforceable. Such debts are, thus, considered by this doctrine to be...
What is 'Ocean Bill Of Lading' A document required for the transportation of goods overseas. An ocean bill of lading serves as both the carrier's receipt to the shipper and as a collection document. The document specifies...
DefinitionOver-the-counter or off-exchange trading is done directly between two parties, without the supervision of an exchange. It is contrasted with exchange trading, which occurs via exchanges. A stock exchange has the benefit of facilitating liquidity, providing transparency, and maintaining...
What is an 'On-Us Item' An on-us item is a check or draft that is presented to the bank where the check writer has the funds on deposit. The check can be cashed or deposited into another...
Definition
An offering memorandum or offering circular is a type of prospectus for a bond or other security. Sometimes, this is also referred to as a prospectus, offering memorandum, or short OC. The OC represents one of the key selling..."...
What is 'On Stream' An investment that is on track to earn its expected return. Stocks, funds or any other investment vehicle that is presently performing in a way that allows it to reach the same target...
What is an oligopsony and what are the effects on sellers
An oligopsony is a market structure in which there are only a few buyers. This can have many effects on sellers, who may find themselves at a disadvantage. The...
DefinitionOil reserves denote the amount of crude oil that can be technically recovered at a cost that is financially feasible at the present price of oil. Hence reserves will change with the price, unlike oil resources, which include all...