A lease agreement that may require the lessee to pay the difference between the leased items original value and its value upon return.
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OPEN ENDED QUESTION
A question that does not suggest any particular answers to the respondent. Open questions usually ask how, what, when, where or why, and require the respondent to answer in their […]
OPEN ENROLLMENT PERIOD
A period of time in which individuals can openly choose an alternate insurance plan, without being re-assessed for insurability
OPEN ENTRY
The conspicuous entry of a non-occupant into a premises or property, usually with witnesses present.
OPEN FINANCIAL EXCHANGE (OPX)
Technical specification that provides security and privacy when financial information is exchanged via the Internet. However, lacks authentication and authorization functions, which are instead provided by third party vendors.
OPEN FRAMEWORK
Open framework software enables programmers to easily remove and replace modules to create new apps.
OPEN HEARING
the name of an investigation that is open to the public and is not a closed.
OPEN INFLATION
The rise in the cost of products and services as a result of spending trends.
OPEN INTEREST
The number of outstanding futures not accomidated by delivery availability .
OPEN ITEM
An accounting ledger record that covers a particular financial activity over a set period of time.
OPEN JAW TICKET
A ticket that covers travel from the port of departure to one destination , and return travel to the port of departure from a different destination (e.g. Newcastle-Melbourne / Perth-Newcastle). […]
OPEN MARKET
A market in which prices are controlled by supply and demand, rather than government policy or independent cartels.
OPEN MARKET OPERATIONS
Buying and selling government bonds to influence interest rates and monetary supply.
OPEN MARKET PURCHASE
When another company purchases a block of stock from another firm.
OPEN MARKET PURCHASING
Buying goods without negotiating or signing contracts, usually in small quantities or in an emergency.
OPEN MARKET VALUE
The cost of items as determined by supply and demand.
OPEN MORTGAGE
1. A property loan that can be settled before the maturity date without the payment of a penalty. To compensate for this provision, interest rates on open mortgages are usually […]
OPEN MOUTH OPERATIONS
Buying and selling of US Treasury Funds by the Federal Reserve , intended to affect inflation, monetary supply and interest rates. Such operations are rare, as the financial sector usually […]
OPEN OPERATING SYSTEM
An operating system designed to work with a range of processors, making it flexible and inexpensive for users.
OPEN ORDER
1. An order to buy or sell securities that remains valid until executed or cancelled. 2. A term that is often used instead of backlog.
OPEN OUTCRY
When floor traders agree on terms by communication or hand signals.
OPEN PERILS
Type of insurance that provides compensation for property damage caused by any hazards not specifically excluded by the policy.
OPEN PLAN
Derived from the work of American architect, Frank Lloyd Wright, and French architect, Le Corbusier, open plan spaces are partitioned with temporary screens and modular furniture, rather than walls and […]
OPEN POLICY
Cargo insurance that provides compensation for damage to or loss of goods that were carried in a specified vessel or by a specified company, within a specific period. According to […]
OPEN POSITION
1. A forward contract that has not been cashed in by an offsetting contract or through the delivery of the asset that is covered. 2. A situation in which a […]