What is 'Old-Age and Survivors Insurance (OASI) Trust Fund' One of the two trust funds managed by the Social Security Administration, the Old-Age and Survivors Insurance (OASI) Trust Fund is used to pay retirement and survivor's benefits...
What is the Office of Thrift Supervision (OTS)?
The Office of Thrift Supervision (OTS) is a federal regulator of savings and loan associations, savings banks, and credit unions. The agency was established in 1989 as part of the Federal Home...
What is 'One-Cancel-All Order (OCA)'
A One-Cancel-All (OCA) order is a type of options order that gives the trader the ability to place multiple options contracts on the same underlying security, with the stipulation that if one of the contracts...
What is 'Odd-Days Interest' Interest that is earned from a mortgage or other loan with closed-end installments that contain a nonstandard payment period. In most cases, the additional interest is added on to the first payment. All...
What is 'Office Audit' An examination of a taxpayer's records by the Internal Revenue Service to ensure the taxpayer's compliance with tax laws. In an office audit, the IRS interviews the taxpayer and inspects the taxpayer's records...
What is 'Off-The-Run Treasury Yield Curve' The U.S. Treasury yield curve derived using off-the-run treasuries. Off-the-run treasuries refer to U.S. government bonds of a given maturity that are not the most recently issued. While they are not...
What is 'Off Board' A stock transaction that fits one of the following two criteria: 1. A stock trade involving a security that does not trade on a major exchange, i.e., an over-the-counter (OTC) stock. ...
What is 'Office Of Foreign Asset Control - OFAC' A department of the U.S. Treasury that enforces economic and trade sanctions against countries and groups of individuals involved in terrorism, narcotics and other disreputable activities. ...
Who was 'Karl Marx' Karl Marx was a philosopher and economist famous for his ideas about capitalism and communism. Marx, in conjunction with Friedrich Engels, published "The Communist Manifesto" in 1848; later in his life, he wrote...
What is a 'Mandatory Convertible' A mandatory convertible is a type of convertible bond that has a required conversion or redemption feature. Either on or before a contractual conversion date, the holder must convert the mandatory convertible...