Personal Finance terms starting with O

55 terms

Occupancy Indicates whether the property to which the loan application relates will be the owner's principal dwelling.
Odd lot A number of shares which is less than a board lot.
Off-board Transactions in New York Stock Exchange (NYSE) listed securities that aren't executed on a national exchange are known as off-board transactions.
Offer The offer is the price at which someone who owns a security is willing to sell it.
Offering date The offering date is the first day on which a stock or bond is publicly available for purchase.
Offering price A security's offering price is the price at which it is taken to market at the time of issue. It may also be called the public offering price.
Office of Government Ethics (OGE) The Office of Government Ethics exercises leadership in the executive branch to prevent conflicts of interest on the part of Government employees, and to…
Official Check A check drawn on a bank and signed by an authorized bank official. (Also known as a cashier's check.)
offset You offset an options or futures position by taking a second position in a contract with identical terms, buying if you sold initially or selling if you…
Offshore fund An offshore fund is a mutual fund that's sponsored by a financial institution that's based outside the United States.
OGE 450 Filer Persons required to file the OGE Form 450 (Confidential Financial Disclosure report) under the authority of the Ethics in Government Act of 1978, as…
Online Banking A service that allows an account holder to obtain account information and manage certain banking transactions through a personal computer via the…
Online brokerage firm To buy and sell securities online, you set up an account with an online brokerage firm. The firm executes your orders and confirms them electronically.
Online trading If you trade online, you use a computer and an Internet connection to place your buy and sell orders with an online brokerage firm.
Open interest Open interest is a record of the total number of open contracts in any particular commodity or options market on any given day.
Open market In an open market, any investor with the money to pay for securities is able to buy those securities. US markets, for example, are open to all buyers.
Open order An order to buy or sell a security at a specified price. The order is valid until executed or cancelled.
Open outcry When exchange-based commodities traders shout out their buy and sell orders or use a combination of words and hand signals to negotiate an order, it's…
Open-End Credit A credit agreement (typically a credit card) that allows a customer to borrow against a preapproved credit line when purchasing goods and services.
Open-end mutual fund Most mutual funds are open-end funds. This means they issue and redeem shares on a continuous basis, and grow or shrink in response to investor demand for…
Open-ended credit A plan in which the creditor anticipates repeated transactions, and for which there is a finance charge computed on any unpaid balance.
Open-market operations Open-market operations allow the Fed to implement its monetary policy and regulate the money supply.
Opening The first transaction in each security or commodity when trading begins for the day occurs at what's known as its opening, or opening price.
Opportunity cost The cost of passing up on investment in favor of another.
Opt-In Giving your credit card company or bank permission to include you in a particular service.
Opt-out Declining a particular service offered by your bank.
Option Buying an option gives you the right to buy or sell a specific financial instrument at a specific price, called the strike price, during a preset period…
Option premium When you buy an option, you pay the seller a nonrefundable amount, known as the option premium, for the right to exercise that option before it expires.
options Contracts which give the holder the right to buy (call options) or sell (put option) a fixed amount of a certain stock at a specified price within a…
Options chain Options chains are charts showing all the options currently available on a particular underlying instrument.
Options class An options class includes all the calls or all the puts on a single underlying instrument that share some of the same terms, such as contract size and…
Options Clearing Corporation (OCC) The Options Clearing Corporation issues all exchange-listed securities options in the United States and guarantees all transactions in those options.
Options series An options series includes all the contracts within an options class that have identical terms, including expiration date and strike price.
Order imbalance An order imbalance occurs when there are substantially more buy orders in a particular security than there are sell orders, or the reverse.
Order protection rule The order protection rule, part of Regulation NMS - for National Market System - adopted by the Securities and Exchange Commission (SEC) in 2005, requires…
Original issue discount A bond or other debt security that is issued at less than par but can be redeemed for full par value at maturity is an original issue discount security.
Origination Fee An origination fee is an amount, usually calculated as a percentage of a mortgage loan or home equity loan, which a lender charges for processing your…
OTC Bulletin Board (OTCBB) During the trading day, the electronic OTC bulletin board (OTCBB) provides continuously updated real-time bid and ask prices, volume information, and…
Out-of-the-money An option is out-of-the-money when the market price of an instrument on which you hold an option is not close to the strike price.
Outstanding Check A check written by a depositor that has not yet been presented for payment to or paid by the depositor's bank.
Outstanding shares The shares of stock that a corporation has issued and not reacquired are described as its outstanding shares.
Over Limit An open-end credit account in which the assigned dollar limit has been exceeded.
Over-the-counter (OTC) Securities that trade over-the-counter (OTC) are not listed on an organized stock exchange, such as the New York Stock Exchange (NYSE) or the NASDAQ Stock…
Over-the-limit fee A fee charged if your account balance goes over your credit limit. You will not be charged this fee unless you have authorized your credit card company to…
Overages The difference between the lowest available price and any higher price that the homebuyer agrees to pay for a loan.
Overbought When a stock or entire securities market rises so steeply in price that technical analysts think that buyers are unlikely to push the price up further…
Overdraft When the amount of money withdrawn from a bank account is greater than the amount actually available in the account, the excess is known as an overdraft…
Overdraft Fee The fee that is charged an account holder for a check that is paid or honored when the available balance in the account is not sufficient to cover the…
Overdraft Protection A checking account feature in which money from another account in your name is used to cover the transaction(s) if you don't have enough money in your…
Overdraw To write a check for an amount that exceeds the amount on deposit in the account.
Oversold A stock, a market sector, or an entire market may be described as oversold if it suddenly drops sharply in price, despite the fact that the country's…
Oversubscribed An initial public offering (IPO) is oversubscribed when investor demand for the shares is greater than the number of shares being issued.
Overvaluation A stock whose price seems unjustifiably high based on standard measures, such as its earnings history, is considered overvalued.
Overweighted When you own more of a security, an asset class, or a subclass than your target asset allocation calls for, you are said to be overweighted in that…
Own-occupation policy If you purchase an own-occupation disability insurance policy, you are entitled to receive benefits if a disability prevents you from performing the…