Mandatory Retirement Age Law Of 1978: A statute which prohibits (with the exception of exempted employees and positions) employers from having policies or practices that call for mandatory retirement of employees under the age of 70.

 

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Mandatory Retirement Age Law Of 1978: A statute which prohibits (with the exception of exempted employees and positions) employers from having policies or practices that call for mandatory retirement of employees under the age of 70.

Ov Language: A language that tends to place the grammatical object before the verb in a sentence. Japanese is an example of an OV language. Contrast with VO languages. (pronounced 'oh-vee')

Overage: Apples mainly to convertible securities. Difference between how much common stock one party must sell and the other wishes to buy for the same amount of convertible in a swap.

Overall Market Price Coverage: Total assets less intangibles divided by the total of the market value of the security issue and the book value of liabilities and issues having a prior claim. This is used to determine how . . . View Full Definition

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

Outlaw: The AMA attempted to organize most of the motorcycle racing competitions many years ago. Some motorcycle clubs and groups of riders did not want to go along with the AMA rules. They became k . . . 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

Oxidizing Agent: A reactant that removing electrons from other reactants in a chemical reaction. Oxidizing agents cause other substances to be oxidized in chemical reactions while they themselves are reduced . . . View Full Definition

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