Ab Ovo: (Latin, 'from the egg') This phrase refers to a narrative that starts 'at the beginning' of the plot, and then moves chronologically through a sequence of events to the tale's conclusion. This pattern is the opposite of a tale that begins in medias res, one in which the narrative starts 'in the middle of things,' well into the middle of the plot, and then proceeds to explain earlier events through the characters' dialogue, memories, or flashbacks. Horace coins the phrase in his treatise, Ars Poeticae, a treatise not to be confused with the Poetics of Aristotle. Contrast with in medias res.

 

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Ab Ovo: (Latin, 'from the egg') This phrase refers to a narrative that starts 'at the beginning' of the plot, and then moves chronologically through a sequence of events to the tale's conclusion. Th . . . View Full Definition

Other Liabilities: Liabilities other than debt, line of credit, and accounts payable, for example, deferred taxes, accrued expenses, and customer deposits.

Opposable: The capability of being placed against the remaining digits of a hand or foot; e.g., the ability of the thumb to touch the tips of the fingers on that hand.

Other Long-Term Liabilities: Value of leases, future employee benefits, deferred taxes, and other obligations not requiring interest payments that must be paid over a period of more than one year.