Category: O

1. The income from commissions received by a sales manager, based on the total sales made by his or her subordinates. 2. The payment of fees by a seller to a broker who may deal directly with a buyer.

This is the arrangement under which a number of share holders can apply to purchase the portion of a rights issue that is not distributed.

This commission is paid to a primary agent for sales made by subagents in his or her territory. It may also refer to the amount owed to the owners of an acquired company in addition to the acquisition costs.

The amount of goods in excess of immediate demand. Oversupply results in lowering of prices, reduced profits and increased costs from storing excess inventory.

a term used for passing a law that has already been turned down and not signed.

Open; manifest; public; Issuing in action, as distinguished from that which rests merely in inteution or design.

To supersede; annul; reject by subsequent action or decision. A judicial decision is said to be overruled when a later decision, rendered by the same court or by a superior court in the same system, expresses a judgment upon the same question or law directly opposite to that which was before given, thereby depriving the earlier opinion of all authority as a precedent. The term is not properly applied to conflicting decisions on the same point by coordinate oi independent tribunals. OVERRULE 865 OWNER In another sense, ÒoverruleÓ is spoken of the action of a court in refusing to sustain, or recognize as sufficient, an objection made in the course of a trial, as to the introduc- tion of particular evidence, etc.

term that is applied to the rejection of a decision made by a lower court when the case is brought before a higher court.

1. A product (or print) run that exceeds orders for the finished articles. 2. A cost in excess of the budgeted amount.

In old English law. A forfeiture for contempt or neglect in not pursuing a malefactor. 3 Inst. 116.