Related Words

Omnibus Budget Reconciliation Act of 1993 (OBRA 93): The first legislation authorizing the FCC to auction spectrum.

Oxidation Half Reaction: That part of a redox reaction that involves loss of electrons. In the oxidation half reaction, the oxidation number of one or more atoms within the reactants is increased.

Pace Of Play: Time taken to play a stroke, hole or round, usually thought of in terms of maximum allowable time with an associated penalty for exceeding that time: covered by rule 6-7 of the usga rule book

Overreaction Hypothesis: The supposition that investors overreact to unanticipated news, resulting in exaggerated movements in stock prices followed by corrections.

Outside Of You: Used for listed equity securities. Another order bidding for or offering stock at the same price that the trader has put on the floor himself, represented by another broker in the trading cr . . . View Full Definition

Out-Of-The-Money: An option is out-of-the-money when the market price of an instrument on which you hold an option is not close to the strike price. Call options — which you buy when you think the price is go . . . View Full Definition

Out-Of-The-Money Option: A call option is out of the money if the strike price is greater than the market price of the underlying security. That is, you have the right to purchase a security at a price higher than t . . . View Full Definition

Packers And Stockyards Act Of 1921: P.L. 67-51 (August 15, 1921) remains, in amended form, the basic authority for USDA to regulate marketing practices in the livestock, poultry, and meat industries. The law was enacted to pre . . . View Full Definition

Paid Time Off (PTO): A benefit program granting employees a specific number of vacation or personal days off which that are paid by the employer. The number of days is generally based on the employer’s policy fo . . . View Full Definition

Paper Profit (Or Loss): If you own an asset that increases in value, any increase in value is a paper profit, or unrealized gain. If you sell the asset for more than you paid to buy it, your paper profit becomes an . . . View Full Definition