Over the Counter Trading
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 the current market price. In an OTC trade, the price is not necessarily published for the public. Over the Counter...
On-Us Item
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 account. Of course, the drawing account must have a sufficient balance to pay the check. Explaining 'On-Us Item'...
Offering Circular
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..." The terms "offering memorandum", "OM", or "offering circular", "OC", are used instead of "prospectus" in certain situations, such as when...
On Stream
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 that was initially set. However, just because these investments are on their way to reach their targets, doesn't mean they...
Oligopsony
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 most obvious effect is that sellers have less negotiating power than they would in a more competitive market. Fewer buyers...
Oil Reserves
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 oil that can be technically recovered at any price. Reserves may be for a well, for a reservoir, for a...
Off-The-Run Treasuries
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' Once a new Treasury security of any maturity is issued, the previously issued security with the same maturity becomes...
Official Strike
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 strike can also be called a walkout or a work stoppage. A strike typically lasts until the workers' demands are...
On Account
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 of merchandise on account, this refers to the purchase of the goods on credit and a deferral of payment. ...
One-Cancels-the-Other Order (OCO)
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 order with a limit order on an automated trading platform. When either the stop or limit level is reached and...