A contract, lease, share, or other right is said to be “onerous” when the obligations attaching to it counter-balance or exceed the advantage to be derived from it, either absolutely […]
O | Page 17
O
ONEROUS CONTRACT
When a contracts terms cost more to satisfy than the projected economic benefits, it may be described as onerous. A lease contract might be described in this way.
ONLINE
1. A device that is connected to the Internet or other network. 2. Documents, files or web page that are accessible for reading and downloading by users of a particular […]
ONLINE ADVERTISING
The use of websites, search engines and emails, to send promotional messages to Internet users. Because a sites visitors often share information about themselves during registration , this advertising can […]
ONLINE ADVERTISING MEASURES
There are five basic measures for online marketing: 1. Number of unique visitors. 2. Number of visits to a particular website. 3. Number of page views (a website usually consists […]
ONLINE ANALYTICAL PROCESSING (OLAP)
Software that enables the user to send and receive reports generated from massive online databases.
ONLINE BANKING
A service that enables users to access their bank accounts, conduct transactions and view their transaction history via the Internet (rather than over the telephone or in person).
ONLINE BROKER
This is a brokerage firm that only interacts with customers over the Internet, instead of using traditional, office-based meetings. Online brokers often charge lower fees and provide do-it-yourself resources for […]
ONLINE CORPORATE REPUTATION
How a corporation is perceived by Internet users. This will often be determined in blogs, public forums and web articles. Reputation management services can influence online reputation by addressing negative […]
ONLINE DATABASE
A web-based filing system used to store information or records, accessible by using web scripts. Use often requires a paid subscription .
ONLINE MEDIA
Photos, music or videos that are available on the internet for free or at a cost. These may or may not be copyrighted.
ONLINE SHOPPING
The purchase of products and services on the Internet. Online shopping has become increasingly popular, due to convenience (and often lower prices). Especially in the holiday season, online shopping saves […]
ONLINE TRANSACTION PROCESSING (OLTP)
This is a computing system in which time-sensitive data related to a transaction is processed immediately . Data must always be kept current. This is usually found in online banking […]
ONOMASTIC
A term applied to the signature of an instrument , the body of which is in a different handwriting from that of the signature. Best, Ev. 315.
ONROERENDE AND VAST STAAT
Dutch. Immovable and fast estate , that is, land or real estate . The phrase is used in Dutch wills, deeds, and antenuptial contracts of the early colonial period in […]
ONSHORE
1. The country in which you legally reside (and whose courts have jurisdiction over you). 2. On dry land, not at sea.
ONSITE IMPROVEMENTS
Any improvements to a building or property that will increase its re-sale value.
ONSITE SALES METHOD
Sales technique delivered at the consumers home or work-place. Typically involves product samples and demonstrations.
ONTOLOGY
Branch of metaphysics concerned with the study of being and the nature of existence. Also describes the assumed components of a categorisation system, concept or theory.
ONUS
Lat. A burden or load; a weight. The lading, burden, or cargo of a vessel. A charge; an incumbrance . Cum onere, (q. v.,) with the incumbrance.
ONUS OF PROOF
a term that for burden of proof where the accuser has to show the proof of his claims and charges.
ONUS PROBANDI
a Latin term for burden of proof .
OODA LOOP
A concept that sees decision making as the next logical step of a specific process. If a decision has been made, an action has to be taken.
OPAQUE FARE
A flight ticket purchased at a heavy discount without a flight time or flight number , to be used at the airline’s discretion.
OPARIN BUBBLE THEORY
The hypothesis, proposed by Aleksandr Oparin in 1924, that life originated spontaneously from non-living elements (e.g. methane, water vapor, hydrogen). Also known as abiogenesis theory.