Tag: economics
Natural Capital
DefinitionNatural capital is the world's stock of natural resources, which includes geology, soils, air, water and all living organisms. Some natural capital assets provide...
National Welfare Fund (Russia)
What is 'National Welfare Fund (Russia)' One of two parts of the Russian sovereign wealth fund, the other being the Reserve Fund....
Narrow Basis
What is 'Narrow Basis' A condition found in futures markets in which the spot price of underlying commodities is close to the...
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...
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...
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...
Oil Sands
DefinitionOil sands, also known as tar sands or crude bitumen, or more technically bituminous sands, are a type of unconventional petroleum deposit. Oil sands...
Off-Floor Order
What is 'Off-Floor Order' An investor's directive to buy or sell securities when that directive is given to a broker, not to...