In old English law . Equality.
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OVER
In conveyancing , the word “over” is used to denote a contingent limitation in- tended to take effect on the failure of a prior estate. Thus, in commonly called the […]
OVER AND ABOVE WORK
Additional work discovered during the completion of a contract that falls within the scope of the project, is necessary for the project to be completed, but is not covered by […]
OVER CAPITALIZATION
A situation in which a company has generated too much capital. This devalues the companys assets and earnings become insufficient to pay dividends and interest . This problem is usually […]
OVER INSURED
An individual whose insurance coverage is worth more than the item(s) being insured.
OVER SEA
Beyond the sea; outside the limits of the state or country. See Gus- tin v. Brattle, Kirby (Couu.) 300. See BEYOND SEA.
OVER THE COUNTER (OTC)
1. Retailing: A drug or medication that does not require a doctor’s prescription . 2. Securities: Unlisted US securities (usually unlisted because the issuer does not meet the exchanges requirements […]
OVER THE COUNTER (OTC) MARKET
1. UK: In the absence of a US-style OTC market, unlisted securities are traded through the London Stock Exchange ‘s (LSE) Alternative Investment Market. 2. US: The largest securities market […]
OVER THE WALL
When bankers tell analysts about new developments.
OVER-CERTIFICATION
When a certification authority approves a greater payment than is actually due.
OVER-COLLATERALIZATION
This occurs when the value of a securing asset is far greater than the debt principal.
OVER-EXPENDITURE
Occurs when expenditure exceeds the budgeted amount.
OVER-IMPROVEMENT
Occurs when spending money to improve a property is no longer the best use of the property, or is too expensive when compared to the cost of improving other properties.
OVER-THE-COUNTER (OTC)
Any transaction that doesnt take place in person.
OVER-THE-COUNTER DRUGS
Medicines that can be purchased from a pharmacist without prescription .
OVER, SHORT, AND DAMAGED (OS&D)
This report is lodged by the receiver of shipment. In this report a claim against the carrier of the shipment is made to cover the cost of over-shipment, short-shipment and […]
OVERABSORPTION
Credit balance in a factory overhead account, caused by over-estimating the cost of overheads in a given period.
OVERAGE
1. General: An excess or surplus amount over what was requested. 2. Leasing: The amount paid to the landlord of a retail store on top of the rent, which is […]
OVERAGE INSURANCE
Health insurance issued to a person over 65 years old (the usual limit).
OVERALL MARKET PRICE COVERAGE
The value of an investment portfolio after liabilities have been deducted from revenue earned.
OVERAPPLIED OVERHEAD
1. The amount by which an overhead has been over absorbed. Added to budgeted profit in end of period accounts. 2. When the overhead applied to a work in progress […]
OVERAPPLIED OVERHEAD COSTS
When company invests more than it has to in a production unit to produce a superior product.
OVERBOOKING
The practice of selling more tickets for a flight or concert than can be accommodated, to avoid empty seats caused by no-shows.
OVERBOUGHT
A market flooded with buyers for a short period of time.
OVERBOUGHT/OVERSOLD INDICATOR
This method is used to determine whether specific security prices are moving too much in one direction or the other.