Financial and Investment Glossary
Financial Dictionary
Open
A security
Open-End Fund
The most typical type of mutual fund, with the number of shares available to investors limited only by the fund manager's discretion and the amount of money coming in to the fund from investors.
Option
The right to buy or sell an investment instrument, usually a security, at a previously agreed price known as the strike price. The option buyer or seller pays a premium to lock in the price of the underlying investment without initially having to buy or sell the investment.
Oral Contracts
A spoken agreement between two or more parties to perform or not perform certain actions. Oral contracts may not be legally binding unless they are correctly executed.
Outsource
To have a service performed or a function completed by others outside of your company.
Outstanding Shares
Shares of stock that are owned by investors.
Over-The-Counter (OTC)
A stock that is not listed on the Nasdaq Stock Market or any other national stock exchange.
Overvalued
A stock that may be worth less than its current market value. An overvalued stock typically has a higher price-earnings ratio than other stocks in its industry or the market as a whole.
Owner If Other Than Insured
An insured is a person (or an institution) covered by an insurance policy. If you are filling a form for yourself, you would be the named insured on the policy. An owner other than insured would be someone who is purchasing the policy for you, or you if you are purchasing the policy for someone else.
A security
Open-End Fund
The most typical type of mutual fund, with the number of shares available to investors limited only by the fund manager's discretion and the amount of money coming in to the fund from investors.
Option
The right to buy or sell an investment instrument, usually a security, at a previously agreed price known as the strike price. The option buyer or seller pays a premium to lock in the price of the underlying investment without initially having to buy or sell the investment.
Oral Contracts
A spoken agreement between two or more parties to perform or not perform certain actions. Oral contracts may not be legally binding unless they are correctly executed.
Outsource
To have a service performed or a function completed by others outside of your company.
Outstanding Shares
Shares of stock that are owned by investors.
Over-The-Counter (OTC)
A stock that is not listed on the Nasdaq Stock Market or any other national stock exchange.
Overvalued
A stock that may be worth less than its current market value. An overvalued stock typically has a higher price-earnings ratio than other stocks in its industry or the market as a whole.
Owner If Other Than Insured
An insured is a person (or an institution) covered by an insurance policy. If you are filling a form for yourself, you would be the named insured on the policy. An owner other than insured would be someone who is purchasing the policy for you, or you if you are purchasing the policy for someone else.