Transactions not on a balance sheet that are still being processed.
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OFF BALANCE SHEET CONDUITS
The issuance of highly rated commercial papers is carried out by financial institutions through the use of this instrument . It is treated as a separate entity that is not […]
OFF BALANCE SHEET FINANCING (OBSF)
The financial contribution of sources that are neither equity investors or lenders, and thus are not included in the presentation of the asset and liability balance sheet . Through the […]
OFF PEAK
A product that is usually offered at a lower price during a period of minimal demand.
OFF PREMISE BANKING
Banking activities or transactions that occur at ATM machines located outsidethe premises of the bank, usually in malls or markets.
OFF PREMISES
A percentage of the total coverage amount that is in effect at a location that is not covered in the details of the policy
OFF SEASON
The period of the year when the demand of a particular good or a service is the lowest in the annual cycle.
OFF SPEC
Failure to meet the prescribed specifications or standards.
OFF THE BOOK
The non keeping of an official record for a payment or receipt of money
OFF THE JOB TRAINING
The training of employees at a location other than the usual work location, through the use of simulation, lectures,etc.
OFF THE RECORD
A statement that is intended to be a part of the proceedings such as a court case.
OFF THE SHELF ITEM
items such as machinery and other goods that commercially produced, standardized and ready-made.
OFF-BALANCE SHEET ASSET
An asset that is not yet recorded on the balance sheet , but that which has a good sign of growing in economic value in the near future.
OFF-BALANCE SHEET LIABILITY
Items such as litigation procedures which are usually not reflected as an expense on the balance statement. However, they do need to be repaid at a later date.
OFF-BOOK PARTNERSHIP
A partnership between two companies to raise investment capital. Often, companies resort to the formation of illegal partnerships.
OFF-SOURCE
Accomplishment of tasks by a third party service provider or manufacturer that saves the company on monetary and labor costs.
OFFA EXECRATA
In old English law . The morsel of execration; the corsn- ed, (q. v.) 1 Reeve, Eng. Law, 21.
OFFENDER
the name that is used for a person who is guilty of an offense according to law.
OFFENSE
A crime or misdemeanor ; a breach of the criminal laws. Moore v. Illinois, 14 How. 13, 14 L. Ed. 306; lilies v. Knight, 3 Tex. 312; People v. French. […]
OFFENSE CONTINUING
a term that is applied to the series of unlawful acts that are carried out frequently by the same person.
OFFENSE CRIMINAL
a term that describes a misdemeanour and a felony. See criminal offense .
OFFENSE QUASI
a term that is applied to an unlawful act that is attributed to a person who didn’t commit a crime but influenced another person to commit it.
OFFENSE SECOND
this is the term given to an act carried by a person that is unlawful and he has committed an unlawful act before.
OFFENSIVE
In the law relating to nuisances and similar matters, this term means noxious, causing annoyance, discomfort, or painful or disagreeable sensations. See Rowland v. Miller (Super. N. Y.) 15 N. […]
OFFENSIVE COMPETITIVE STRATEGY
A strategy implemented by a company that intends to stay ahead of its competition , through investments in technology and research and development . This strategy is particularly useful when […]