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FINANCIAL DICTIONARY & GLOSSARY: OV -
- an arrangement by which a customer can withdraw more from an
account than has been deposited in it, up to an agreed limit; interest
on the debt is calculated daily.
overdue - owing, late in being paid.
overextended - describes a business owing fat more than the value of its current assets.
overheads (GB) or overhead (US) - the various expenses of operating a business that can't be charged to any one product, process or department.
overheating - economic expansion at a rate that cannot be sustained.
overproduction - when supply exceeds demand, which soon leads to cutbacks in production, unemployment, and a recession.
oversubscribed (of a new share issue) - one for which there are more buyers than shares available.
overtime - time worked in excess of an agreed number of bouts per day or week.
over-the-counter market - stock exchange for newer and smaller companies, and those that do not wish to meet all the major stock exchanges' rules.
overtrading - a situation where a company tries to produce and sell goods with too little capital.
owe - to have an obligation to pay or repay money.
own - to have or possess.
paid-in surplus - see share premium.
paid-up capital - share capital that has actually been subscribed by shareholders.
parent company - one that owns at least 50% of the ordinary shares of a subsidiary company.
parity - another term for an exchange rate, or for par value.
participation certificates - grants its holder part of the ownership (equity) of a company, but without voting rights.
partnership - a business run collectively by two or more individuals, Who share risks and profits.
par value - see nominal value.
patent - the exclusive right given to an inventor to produce, or to authorize others to produce, a new product or process.
pay - money earned by employees for work performed, in the form of wages or salary.
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FINANCIAL DICTIONARY & GLOSSARY SHORT INDEX
a-ac, ac-am, am-as, as-ba, ba-be, be-br, br-cap, cap-cas, ce-col, col-com, com-cor, cor-cu, cu-deb, deb-dem, dep-dis, dis-du, du-em, em-ex, fa-fi, fi-fr, fr-ge, ge-gr, ha-im, im-ine, inf-int, int-inv, inv-la, la-li, li-lo, lo-mar, mar-mark, mat-mo, mo-na, na-od, of-ou, ov-pa, pa-po, po-pri, pri-pro, pro-qu, qu-red, red-res, res-sa, sa-sh, sh-sta, sta-sto, str-ta, ta-tr, tr-un, un-va, va-we, we-zz
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