Banking terms beginning with O

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Alphabetical List


The legal liabilities on a firm or individual to satisfy the conditions of an agreement. If the liability is not paid, the other party can resort to suitable measures as per the ones mentioned in the agreement.

Offer Price:

Offer Price is referred to the price which a purchaser is eager to acknowledge for a security. Besides the cost, the offer price usually specifies the sum of the security that the purchaser is willing to sell it for.


OFEX or PLUS Markets Group PLC is a London-based stock exchange which emerged as a Recognized Investment Exchange in the year 2007. OPEX firms have greater tentative investments than Alternative Investment Market (AIM) firms.

Open-end credit:

A loan which was agreed previously and can be utilized frequently up to a definite limit is called an Open-end credit. Also known as line of credit, it offers investors and firms an available amount of cash whenever required.

Open-End Fund:

Open-End Fund is a kind of mutual fund which includes no constraints on the number of shares the fund will allocate. In case of escalating demands, the fund will carry on allocating shares regardless of the number of investors. They can also be procured back and can be sold as per the desire of the investor.

Open-end lease:

A contract that compels the leaseholder, who make intermittent rent payments, to buy the rented property at the closing contents of the contract. It is also known as a "finance lease".

Out of the Money:

Out of the Money is a term which is used when the strike value of an option is greater than the market cost of the principal asset.

Outstanding Check:

Checks or demand drafts that have not been delivered to the forfeiting bank for compensation or the checks which are still waiting to be collected are known as Outstanding Checks.

Outstanding Debt:

Outstanding Debt refers to the due portion of a liability that may incorporate interest accumulated on the amount held.

Over the counter (OTC):

A security dealt in a different perspective other than the recognized stock exchange like NYSE, AMEX, etc. The term is associated with the stocks that are sold through a trader, the channel which is different from a federal exchange. It also indicates to the protection of the obligation and other fiscal tools such as derivatives, which are sold by merchants.


It is referred to certain kind of condition in which the requirement of a specific asset excessively elevates the cost of the price of a principal asset to such an extent that does not assist the essentials.


Overdraft is regarded as an immediate expansion of credit from a loan providing organization. If the borrower has an overdraft bank account, his checks would be covered by the banks in case if they bounce.


Overdue refers to outstanding and more than outstanding amount which is postponed further ahead the premeditated time of arrival or imbursement.


It is a situation in which the cost of the principal property declines rapidly to an extent of its original value. This situation is generally an outcome of panic selling of goods in the market.