What Is the Organisation for Economic Co-operation and Development (OECD)? The Organisation for Economic Co-operation and Development (OECD) is a group of 37 member countries that discuss and develop economic and social policy. OECD members are typically democratic countries that support free-market economies. Key Takeaways The Organisation for Economic Co-operation and Development (OECD) is a
What Is OEX? OEX, which trades on the Chicago Board Options Exchange (CBOE), is the ticker symbol used to identify Standard & Poor’s 100 index options. Key Takeaways OEX, which trades on the Chicago Board Options Exchange (CBOE), is the ticker symbol used to identify Standard & Poor’s 100 index options.OEX options were the original
What Is the Office of Foreign Assets Control (OFAC)? The Office of Foreign Assets Control (OFAC) is a department of the U.S. Treasury that is charged with enforcing economic and trade sanctions imposed by the U.S. against countries and groups of individuals. Sanctions have been imposed on those involved in foreign aggression, terrorist activities, and
What Is Off-The-Run Treasury Yield Curve? Off-the-run treasury yield curve graphically depicts the maturities and yields of U.S. Treasury securities that were issued prior to the most recent issuance. Key Takeaways Off-the-run treasury yield curve graphically depicts the maturities and yields of U.S. Treasury securities that were issued prior to the most recent issuance.Off-the-run means
What Is an Offensive Competitive Strategy? An offensive competitive strategy is a type of corporate strategy that consists of actively trying to pursue changes within the industry. Companies that go on the offensive generally make acquisitions and invest heavily in research and development (R&D) and technology in an effort to stay ahead of the competition.
What Is an Offer? An offer is a conditional proposal made by a buyer or seller to buy or sell an asset, which becomes legally binding if accepted. An offer is also defined as the act of offering something for sale, or the submission of a bid to buy something. Key Takeaways An offer is
What is an Offer In Compromise Offer in compromise is a program instituted by the Internal Revenue Service (IRS) for taxpayers who cannot pay the taxes they owe, or for taxpayers for whom it would create a financial hardship to pay the taxes they owe. An offer in compromise allows taxpayers to settle their tax bill
What Is an Offering Circular? An offering circular is a type of prospectus provided for a new security listing. It is delivered to individuals and brokerage houses who are interested in potentially purchasing the newly issued securities. It is often slightly abbreviated from the final, long-form prospectus, but is still required to contain specific information.
What Is an Offering Memorandum? An offering memorandum is a legal document that states the objectives, risks, and terms of an investment involved with a private placement. This document includes items such as a company’s financial statements, management biographies, a detailed description of the business operations, and more. An offering memorandum serves to provide buyers
What Is an Office Audit? An office audit is an examination of a taxpayer’s records by the Internal Revenue Service (IRS) from its offices, and not at the taxpayer’s home or office, to ensure compliance with tax laws. Generally more comprehensive than a correspondence audit but less so than a field audit, an office audit
