What are 'Off-The-Run Treasuries' Off-the-run treasuries are all Treasury bonds and notes issued before the most recently issued bond or note of a particular maturity. These are the opposite of "on-the-run treasuries." Explaining 'Off-The-Run Treasuries'...
What is an official strike
A strike is a work stoppage caused by the refusal of employees to work. It is usually in response to demands made by the workers, such as for higher wages or improved working conditions. A...
What does 'On Account' mean On account is an accounting term that denotes partial payment of an amount owed or the purchase/sale of merchandise or a service on credit. For example, if a firm purchases $5,000 worth...
What is a 'One-Cancels-the-Other Order - OCO' A one-cancels-the-other order (OCO) is a pair of orders stipulating that if one order is executed, then the other order is automatically canceled. A one-cancels-the-other order (OCO) combines a stop...
What is 'Offshore Portfolio Investment Strategy - OPIS' A tax shelter product designed to create large, seemingly real losses to be used for tax sheltering. This tax shelter involves creating a shell company, which enters into a...
What is an Omnibus Account
An Omnibus account is a single account that is used to hold securities for multiple clients. The account is maintained by a broker, who handles all of the transactions on behalf of the clients. This...
DefinitionAn "oil field" or "oilfield" is a region with an abundance of oil wells extracting petroleum from below ground. Because the oil reservoirs typically extend over a large area, possibly several hundred kilometres across, full exploitation entails multiple wells...
What is 'Oil Services Industry ETF' A sector exchange-traded fund (ETF) that invests in companies engaged in providing services such as drilling and seismic testing to the oil exploration & production (E&P) industry. Oil service companies generally...
What is 'Old Lady' An eighteenth century nickname for the Bank of England. The full name is the Old Lady of Threadneedle Street, which refers to the bank's location. The Bank of England is located in the...
What is 'Oil Stabilization Fund (Iran)' A government-controlled sovereign wealth fund managed for the government of Iran. The funds deposited with the Oil Stabilization Fund are primarily the surplus revenues from the development of Iran's oil reserves....