OWN WORK CAPITALIZED

Occurs when assets are created that benefit individuals at the expense of the company.

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OWNED RECEIVABLES

On their financial statements, a company reports payments received for products or services.

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OWNER

The person in whom is vested the ownership, dominion, or title of property; proprietor. Garver v. Hawkeye Ins. Co., 09 Iowa, 202, 28 N. W. 555; Turner v. Cross, 83 Tex. 218, 18 S. W. 578, 15 L. It. A. 202; Coombs v. People, 19S 111. 580, 64 N. E. 1056; Atwater v. Spalding, 86 Minn. 101, 90 N. W. 370, 91 Am. St. Rep. 331. He who has dominion of a thing, real or personal, corporeal or incorporeal, which he lias a right to enjoy and do with as he pleases, even to spoil or destroy it. as far as the law permits, unless he be prevented by some agreement or covenant which restrains his right. Bouvier.

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OVERSHOOTING

Occurs when exchange rates overreact to changes in the short-term and equilibrium is only achieved in the long-term.

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OVERSMAN

In Scotch law. An umpire appointed by a submission to decide where two arbiters have differed in opinion, or he is named by the arbiters themselves, under powers given them by the submission. Bell.

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OVERSOLD

A market with excessive selling for a short period of time.

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OVERSTATED

The act of exaggerating facts.

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OVERSUBSCRIBED

An Initial Public Offering (IPO) that attracts more demand than the offering size is considered oversubscribed, and will typically trade above the offering price when it hits the stock market.

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OVERREACHING CLAUSE

In a resettlement, a clause which saves the powers of sale and leasing annexed to the estate for life created by the original settlemeut, when it is desired to give the tenant for life the same estate and powers under the re- settlement. The clause is so called because it provides that the resettlement shall be overreached by the exercise of the old powers. If the resettlement were executed without a provision to this effect, the estate of the tenant for life and the annexed powers would be subject to any charges for portions, etc., created under the original settlement. 3 Dav. Conv. 4S9; Sweet

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OVERSUBSCRIPTION

It is the condition where the number of shares is less than the demand from buyers. The stock price is pushed higher as a result.

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