Overdraft
An overdraft occurs when a bank allows a customer to withdraw more money than they have in their account. This can result in fees and interest charges, impacting the customer's…
Organisation of Petroleum Exporting Countries (OPEC)
OPEC is a cartel of oil-producing nations that coordinates petroleum policies to stabilize oil markets. Its decisions significantly impact global oil prices and supply.
Organisation for Economic Cooperation and Development (OECD)
The OECD is an international organization that works to build better policies for better lives. It provides a unique forum for governments to work together to share experiences and seek…
Ordinary Share
An ordinary share, also known as common stock, represents ownership in a company. Holders have voting rights and are entitled to dividends, but are last in line for asset distribution…
Ordinary Residence
Ordinary residence refers to the place where a person habitually lives, intending to remain indefinitely. It's a key concept in tax and legal matters, distinct from domicile or mere physical…
Option
An option is a financial derivative that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before…
Operating Profit/Loss: Understanding Business Performance
Operating profit/loss measures a company's profitability from its core business operations before accounting for interest and taxes. It's a key indicator of operational efficiency and financial health.
Open-Market Operations
Central banks use open-market operations to manage the money supply and influence interest rates by buying or selling government securities. This is a primary tool for monetary policy.
Oligopoly: Understanding Market Domination
An oligopoly is a market structure dominated by a small number of large firms. These firms often have significant market power, influencing prices and output, leading to complex competitive dynamics.
Old Lady of Threadneedle Street
The 'Old Lady of Threadneedle Street' is a nickname for the Bank of England. This moniker, originating from a political cartoon, personifies the institution and its long-standing reputation in global…