When production capacity exceeds the demand for a product.
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OVERCOLLATERALIZATION
When excess collateral is used to enhanse credit.
OVERCOME
a term that is used for overcoming evidence that is presented by a party to a suit by presenting more convincing evidence.
OVERCONTRIBUTION
Paying more into a tax deductible retirement plan than is permitted for a given period of time. Usually, this results in a penalty to the contributor.
OVERCYTED, or OVERCYHSED
Proved guilty or convicted. Blount
OVERDRAFT
1. Loan arrangement that enables individuals or businesses to borrow up to an agreed limit without prior approval. Overdrafts can be paid off at any time and interest is charged […]
OVERDRAFT CAP
This is the maximum amount of money that one bank will transfer to another in one day, limiting the banks exposure to monetary transfer risks.
OVERDRAFT FEE
A bank charge incurred when an accounts balance falls below its agreed limit. Can be incurred multiple times if more than one transaction is made beyond the account limit.
OVERDRAFT LIMIT
The maximum amount of debit balance an account can have without approval.
OVERDRAFT PROTECTION
An agreement that involves a bank providing a short-term loan to cover a check that is not covered by an account holder s balance. This arrangement prevents criminal proceedings resulting […]
OVERDRAW
To draw upon a person or a bank, by bills or checks, to an amount in excess of the funds remaining to the drawer’s credit with the drawee, or to […]
OVERDUE
A negotiable instrument or other evidence of debt is overdue when the day of its maturity is past aud it remains uupaid. Camp v. Scott 14 Vt. 387 ; La […]
OVEREXPOSURE
Exposure to hazardous environments or substances beyond safe limits.
OVEREXTENDED
This occurs when one has taken on commitments beyond ones capacity to meet (e.g. financial, production, orders).
OVERHANG
Describes the bit of roof that extends beyond an exterior wall.
OVERHAUL
To inquire into; to review ; to disturb. “The merits of a judgment can never be overhauled by an original suit.” 2 II. Bl. 414.
OVERHEAD
1. A resource that is used up during a process, that is not part of the finished product. 2. Accounting: An expenditure or cost that (1) is related to either […]
OVERHEAD ABSORPTION
Applying an amount of overhead costs that reflects the expense of producing goods or services.
OVERHEAD BUDGET
A combination of direct and fixed labor costs involved in the manufacture of a product.
OVERHEAD EXPENSE
Ongoing expenses incurred by the day-to-day running of a business. Includes utilities, rent and subscriptions.
OVERHEAD EXPENSE INSURANCE
A type of insurance for business owners that pays overheads if the policy holder becomes disabled.
OVERHEAD RATE
Calculated by dividing overhead costs over a given period by production activity.
OVERHEAD RATIO
The amount of revenue that must be generated to cover the daily cost of manufacturing .
OVERHEATING
Situation in which an economy’s production capacity fails to meet the demands of the market, which can cause or exacerbate inflation.
OVERHERNISSA
In Saxon law. Contumacy or contempt of court Leg. ^Ethel. c. 25.