Category: O

The risk that a seller in a different time zone might not fulfil their obligation, which the buyer will only discover on the following trade day. The greater the time zone difference, the higher the risk.

These are the interest rates charged by one bank to another for providing funds overnight.

Situation in which an economy’s production capacity fails to meet the demands of the market, which can cause or exacerbate inflation.

A repurchase agreement updated daily as it expires every 24 hours.

In Saxon law. Contumacy or contempt of court Leg. ^Ethel. c. 25.

An outer container that protects one or more inner containers.

Having more insurance protection than needed.

What is left beyond a certain amount; the residue; the remainder of a thing. Lyon v. Tomkies, 1 Mees. & W. 003; Page v. Leapingwell, 18 Ves. 400.

To issue in excessive quantity ; to issue iu excess of fixed legal limits. Thus, “overissued stock” of a private corporation is capital stock issued in excess of the amount limited and prescribed by the charter or certificate of iucorporation. See Hayden v. Charter Oak Driving Park, 03 Conn. 142, 27 Atl. 232.

A legal process that converts interest in one asset to interest in another.