Oliver E. Williamson
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 E. Williamson' An American economist, the recipient of the 2009 Nobel Prize in Economics, along with Elinor Ostrom, "for...
Offer In Compromise
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 the debt. A taxpayer uses the checklist in the Form 656, Offer in Compromise, package to determine if the taxpayer...
Offset Mortgage
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 late 1990s. This technique gained popularity in the US and UK recently due to the United States housing bubble. What is...
Oman Investment Fund
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 Oman's asset base and create a pool of sustainable cash flows for the Sultanate. Currently, the OIF's assets under management...
Odd Lot Theory
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 shares, it is likely that now is a good moment to invest. Explaining 'Odd Lot Theory' This technique is predicated on the...
Oil Pollution Act Of 1990
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 assigning liability for the cost of cleanup and damage, requires specific operating procedures; defines responsible parties and financial liability; implements...
Offensive Competitive Strategy
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 is the essence of offensive competitive strategy – using your strengths to take the fight to your opponents and put...
October Effect
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 theory. Explaining 'October Effect' Some investors may be nervous during October because the dates of some large...
Old Economy
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 technology and finance. The old economy is characterized by a hierarchical structure, with large companies employing large numbers of workers...
On-Balance Volume (OBV)
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 sharply without a significant change in the stock's price, the price will eventually jump upward, and vice versa. ...