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Monthly Operating Report (MOR): A document that reports the month- and year-to-date financial status of a managed care plan.

Operating Leverage: Fixed operating costs, which are characterized as leverage because they accentuate variations in profits.

Operating Lease: Short-term, cancelable lease. A type of lease in which the contact period is shorter than the life of the equipment, and the lessor pays all maintenance and servicing costs.

Operating Income: Sales revenue minus cost of sales and operating expenses. Similar to earnings before interest and taxes, operating income is examined when the earnings of the core business are analyzed. Als . . . View Full Definition

Operating Performance Ratio: An overall measure of the efficiency of operations during a period: computed by dividing net income by net sales.

Operating Profit: Another term for operating income.

Operating Ratio: A ratio that measures a firm's operating efficiency.

Operating Rate: The percentage of total production capacity of a company, industry, or country that is being used.

Operating Profit Margin: The ratio of operating profit to net sales.

Operating Profit (Or Loss): Revenue from a firm's regular activities less costs and expenses and before income deductions.