Category: O

Overtime that has been planned ahead of time, to facilitate early completion of a job, or to provide ?out of hours? support.

the term that is given to the person who is recognised by law to be the rightful owner.

1. General: Occurs when a business conducts more transactions than its working capital can sustain, straining cash flow and creating the risk of insolvency. 2. Securities trading: A trader?s attempt to extract higher commission from a client by buying and selling more than is necessary.

An opening; a proposal.

A portfolio?s investments are overweight when the percentage amount invested in a particular market is greater than the market?s proportional share of total capitalization. Opposite of UNDERWEIGHT.

Equality. This word is used in law in several compound phrases, as fol- lows: 1. Owelty of partition is a sum of money paid by one of two coparceners or cotenants to the other, when a partition has been effected between them, but. the land not being susceptible of division into exactly equal shares, such payment is required to make the portions respectively assigned to them of equal value. 2. In the feudal law, when there is lord, mesne, and tenant, and the tenant holds the mesne by the same service that the mesne holds over the lord above him, this was called Òowelty of services.Ó Tomlins. 3. Owelty of exchange is a sum of money given, when two persons have exchanged BL.LAW DICT.(2D ED.)

Something unpaid. A debt, for example, is owing while it is unpaid, aud whether it be due or not. Coquard v. Bank of Kansas City, 12 Mo. App. 261; Mus- selman v. Wise, 84 Ind. 248; Joues v. Thompson, 1 El., Bl. & El. 64.

In English law. Persons who carried wool, etc., to the sea-side by uight, in order that it might be shipped off contrary to law. Jacob.

In English law. The offense of transporting wool or sheep out of the king- dom ; so culled from its being usually carried on in the night. 4 Bl. Comm. 154.

The increase (or decrease) in the demand for a product, divided by the decrease (or increase) in its price, assuming other variables remain constant.