Expenses paid for with an employees own money on behalf of the employer.
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OUT OF POCKET LIMIT
The highest amount a healthcare policy holder pays before his insurance begins to cover healthcare expenses.
OUT OF PRINT
A publication of which no copies remain for sale or distribution .
OUT OF SCOPE CHANGE
Work that is considered beyond the scope of the original contract, requiring an alteration to the cost or price.
OUT OF SPEC
Classification term that applies to items that do not meet given specifications.
OUT OF TERM
At a time when no term of the court is beiug held; in the vacation or interval which elapses between terms of the court. See McNeill v. Hodges, 99 N. […]
OUT OF THE BOX THINKING
Problem solving that is not confined by self-imposed limits or convention. Free and innovative thinking results in the creation of unique solutions and ideas.
OUT OF THE STATE
In reference to rights, liabilities, or jurisdictions arising out of the common law, this phrase is equivalent to “beyond sea,” which see. In other con- nections, it means physically beyond […]
OUT OF TIME
A mercantile phrase applied to a ship or vessel that has been so long at sea as to justify the belief of her total loss. In another sense, a vessel […]
OUT-BOUNDARIES
A term used in early Mexican laud laws to designate certain boundaries withiu which grants of a smaller tract, which designated such out- bouudaries, might be located by the grantee. […]
OUT-OF-CASH-DATE
An estimation of how long it will take a company to spend the revenue generated during an accounting period .
OUT-OF-POCKET EXPENSES
the term given to the money a person spends to defray the expenses of carrying out his usual duties of his job.
OUT-OF-THE-MONEY
When an assets price is lower than the strike price .
OUT-OF-THE-MONEY OPTION
A call option that is higher than the assets market price , or a put option that is lower than the assets market price.
OUTAGE
A tax or charge formerly imposed by the state of Maryland for the in- spection and markiug of hogsheads of tobacco intended for export. See Turner v. Mary- land, 107 […]
OUTAGE INSURANCE
This insurance covers the income lost by electrical power failure (under specified circumstances ).
OUTBOUND
1. Going out (e.g. a flow) or leaving (e.g. passengers). 2. The first leg of a voyage (i.e. the departing flight).
OUTBOUND CASH FLOW
Money that the company must pay out (e.g. salaries, supplies, rents, taxes). Hopefully, the total outbound cash flow will be less than inbound cash flow (i.e. money coming into the […]
OUTBOUND LOGISTICS
The storage, transport and distribution of goods to customers.
OUTCOME MEASURE
Evaluation of results of a process, activity or a plan, to be compared with expected results.
OUTCOMES MEASUREMENT
Measurement of treatment given to patient, and of response to that treatment.
OUTCROP
In mining law. The edge of a stratum which appears at the surface of the ground; that portion of a veiu or lode which appears at the surface or immediately […]
OUTDOOR ADVERTISING
Adverts displayed outside buildings and along the roadside.
OUTER BAR
In the English courts, barristers at law have been divided into two classes, viz., king’s counsel , who are admitted within the bar of the courts, in seats specially reserved […]
OUTER HOUSE
The name given to the great hall of the parliament house in Edinburgh, in which the lords ordinary of the court of session sit as single judges to hear causes. […]