The delegation of non-core activities to outside agencies and contractors. Called contracting out, this allows businesses to benefit from specialist skill sets without paying for an in-house team, and it enables companies to focus on the areas of expertise in which they enjoy a competitive advantage.
Beyond the sea; outside the limits of the state or country. See Gus- tin v. Brattle, Kirby (Couu.) 300. See BEYOND SEA.
1. Remaining undischarged; unpaid; uncollected; as an outstanding debt. 2. Existing as an adverse claim or pretension; not united with, or merged in, the title or claim of the party; as au outstanding title.
1. Retailing: A drug or medication that does not require a doctor’s prescription. 2. Securities: Unlisted US securities (usually unlisted because the issuer does not meet the exchange?s requirements).
A check that has been paid out but has not yet been cashed in by the drawee.
1. UK: In the absence of a US-style OTC market, unlisted securities are traded through the London Stock Exchange’s (LSE) Alternative Investment Market. 2. US: The largest securities market in the US. OTC trading takes place between dealers over the phone, rather than via an exchange. Transactions are regulated by the National Association of Securities Dealers. See NASDAQ.
An amount of debt that will continue to generate interest until paid off.
the term that is applied to the number of shares of stock a corporation is allowed to issue. See authorised issue.
All premiums that should have been paid, but have not been.
Ordinary shares that have been issued and are now held by shareholders.