Governmentby the multitude. A form of government wherein the populace has the whole power and administration in its own hands.
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OCKHAM’S RAZOR
The requisite that the number of assumptions be kept to a minimum. The simpler of two assumptions is usually assumed in the event that both of them are equally valid.
OCTANE
A compound that is the liquid state and is highly flammable that is used to process petroleum. It is an important component used to determine the antiknocking properties of gasoline.
OCTANE NUMBER
This number provides a good measure of the gasoline’s ignition quality. A higher octane number corresponds to a smaller chance of premature combustion when subject to combustion in a standard […]
OCTAVE
In old English law . The eighth day inclusive after a feast; one of the return days of writs. 3 Bl. Comm. 278.
OCTET
Used primarily in the telecom industry, it is a substitute name for a 8bitbyte.
OCTO TAXES
Eight such; eight such men; eight such jurors. The name of a writ, at common law , which issues when upon a trial at bar, eight more jurors are necessary […]
OCTROI
Fr. In French law . Originally, a duty, which, by the permission of the seigneur, any city was accustomed to collect on liquors and some other goods, brought within its […]
ODD EVEN PRICING
A pricing method that takes advantage of the psychological fact that customers are greatly influenced by certain prices or price ranges. Initially, this method was intended to enable accurate registration […]
ODD LOT
An irregular size lot of goods sold in retail stores that does not fit the standard lot size.
ODD LOT DEALER
Brokers who charge a higher rate of commision to combine odd lot orders and then filling them out as round orders.
ODD LOT THEORY
The theory that a new peak is being reached if odd lots are becoming more common for the company.
ODDS
The probability of the occurrence of an event that is expressed as a ratio of the possible occurrences to the possible nonoccurences. The odds of an event A is given […]
ODIO ET ATIA
A writ anciently called “breve de bono et malo ,” addressed to the sheriff to inquire whether a man committed to prison upon suspicion of murder were committed on just […]
ODIUM
a term that describes hated and malice.
ODOR THRESHOLD
The level of or concentration of odorous vapor in the air that is detected by only fifty percent of the test subjects.
OF COUNSEE
A phrase commonly applied in practice to the counsel employed by a party in a cause, and particularly to one employed to assist in the preparation or management of a […]
OF COUNSEL
a term applied to the attorney who is engaged to help another attorney to try a case.
OF COURSE
Any action or step taken in the course of judicial proceedings which will be allowed by the court upon mere application , without any inquiry or contest, or which may […]
OF FORCE
In force; extant; not obsolete; existing as a binding or obligatory power.
OF GRACE
A term applied to any permission or license granted to a party in the course of a judicial proceeding which is not claimable as a matter of course or of […]
OF NEW
A Scotch expression, closely translated from the Latin “de novo,” (q. v.)
OF RECORD
Recorded; entered on the records; existing and remaining in or upon the appropriate records.
OF THE ESSENCE
A breach of contract is possible if the principal requirements that is so integral to the contract is not fulfilled.
OFF BALANCE SHEET
Assets or liabilities that have yet to be realized and hence do form a part of the balance sheet . it is included in the balance sheet only when it […]