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Glossary of Business Terms
beginning with letter O
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odd lot Tweet Definition of odd lot Like Definition of odd lot on Facebook
noun
  1. (economics) A block of shares of stock that is not a multiple of some number, usually 100.
  2. (economics) A set of leftover goods, of a quantity less than an evenly divisible shippable unit, often sold at reduced price.
Everard liked to shop at the stores specializing in odd lots down by the docks, as he was a cheapskate.
OEM Tweet Definition of OEM Like Definition of OEM on Facebook
initialism
  1. w:Original Equipment Manufacturer, Original Equipment Manufacturer. A company that produces hardware to be sold under another company's brand. (Software with this label includes just a shrink-wrapped CD, without printed manual, without being inside a box, &c.)
oligopoly Tweet Definition of oligopoly Like Definition of oligopoly on Facebook
noun (oligopolies)
  1. An economic condition in which a small number of sellers exert control over the market of a commodity.
out Tweet Definition of out Like Definition of out on Facebook
noun
  1. A means of exit, escape, reprieve, etc.
They wrote the law to give those organizations an .
  1. (baseball) A state in which a member of the batting team is removed from play because the defending team threw the baseball past the batter three times in the strike zone, fielded a ball hit in the air, or fielded a ball hit to the ground and moved the ball to a defender blocking the runner's ability to move from base to base.
  2. (poker) A card which can make a hand a winner.
verb
  1. (transitive) To declare a person to be a homosexual, especially one who is reluctant for this information to be made public.
  2. (transitive) To declare a personal secret belonging to another person.
adjective
  1. Not at home.
Leave a message for me if I'm when you call.
  1. (context, cricket, baseball) Of a player, disqualified from playing further by some action of a member of the opposing team (such as being stump, stumped in cricket).
  2. Openly acknowledging one's homosexuality.
adverb
  1. away, Away from home, not indoors.
Let's eat tonight
  1. Away from; at a distance.
Keep !
  1. Away from the inside or the centre.
The magician pulled the rabbit of the hat.
  1. Into a state of non-operation; into non-existence.
Switch the lights .
Put the fire .
  1. Used to intensify or emphasize.
The place was all decked for the holidays.
outfit Tweet Definition of outfit Like Definition of outfit on Facebook
noun
  1. A set of clothing (with accessories).
    She wore a fashionable with matching purse and shoes.
  2. gear consisting of a set of articles or tools for a specified purpose
  3. Any cohesive group of people; a unit; such as a military company.
  4. (informal) A business or firm.
    Should we buy it here, or do you think the across town will have a better deal?
verb (outfit, t, ed)
  1. (transitive) To provide with, usually for a specific purpose.
    "The expedition was outfitted with proper clothing, food, and other necessities"
outlet Tweet Definition of outlet Like Definition of outlet on Facebook
noun
  1. a vent or similar passage to allow the escape of something
  2. something which allows for the release of one's desires
  3. a river that runs out of a lake
  4. a shop that sells the products of a particular manufacturer or supplier
  5. a wall-mounted device such as a socket or receptacle connected to an electrical system at which current is taken to supply utilization equipment or appliances.
outsource Tweet Definition of outsource Like Definition of outsource on Facebook
verb (outsources, outsourcing, outsourced)
  1. (buzzword, mainly, US) To transfer the management and/or day-to-day execution of an entire business function to a third party service provider.
They decided to the design and manufacture of the system to a vendor.
overbought Tweet Definition of overbought Like Definition of overbought on Facebook
adjective
  1. (finance) A stock or commodity market condition where there has been significant trading bidding up prices to higher levels, levels which seem overextended or excessive on a short-term basis.
overhead Tweet Definition of overhead Like Definition of overhead on Facebook
noun
  1. (finance) (uncountable) the operating expenses of a business — everything except labour and materials
  2. (uncountable) more generally, any cost or expenditure (monetary, time, effort or otherwise) incurred in a project or activity, which does not directly contribute to the progress or outcome of the project or activity.
  3. (countable) an overhead projector; or the image sheet projected by one
adjective
  1. located above, especially over the head
Place your luggage in the bins.
  1. (finance) of, or relating to the operating expenses of a business
They tried to reduce costs.
adverb
  1. above one's head;in the sky
Birds flying .
over-the-counter Tweet Definition of over-the-counter Like Definition of over-the-counter on Facebook
adjective
  1. (pharmacy) Non-prescription medicine and treatments, abbreviated as OTC.
  2. (finance) Direct interaction between two parties without an intermediary.

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