Related Words

Back-End Ratio: The ratio of monthly housing costs (PITI) plus long-term debt service to total monthly income.

Options Clearing Corporation (OCC): The Options Clearing Corporation issues all exchange-listed securities options in the United States and guarantees all transactions in those options. The OCC also assigns exercised options f . . . View Full Definition

Operations Director: Individual who typically oversees claims, management information services, enrollment, underwriting, member services, and office management.

Operationally Efficient Market: Market in which investors can obtain transactions services that reflect the true costs associated with furnishing those services. Also called an internally efficient market.

Operational Integration: The consolidation into a single operation of operations that were previously carried out separately by different providers.

Orchestration: Arranging a piece of music for an orchestra. Also, the study of music.

Organization For Economic Development And Cooperation (OECD): An international organization established by the United States, Canada and certain Western European countries in 1960. The OECD studies and discusses trade and related matters. Its current 2 . . . View Full Definition

Parity Ratio: The ratio of the prices received index, 1910-14=100, to the prices paid index on a 1910-14=100 base (called the parity index). The parity ratio is a measure of relative price relationships. . . . View Full Definition

Partial Obscuration: Denotes that 1/8th or more of the sky, but not all of the sky, is hidden by any surface-based phenomena in the atmosphere, excluding precipitation. It often reduces horizontal visibility but . . . View Full Definition

Packer Concentration: The degree to which a few large firms dominate total sales within segments of the meat packing industry, which, some farmers and other critics contend, can cause or at least contribute to lo . . . View Full Definition