What Is the OTCQX? The OTCQX is the top tier of the three marketplaces for the over-the-counter (OTC) trading of stocks. The OTCQX is provided and operated by the OTC Markets Group. Stocks that trade on this forum must meet more stringent qualification criteria compared to the other tiers, which are the OTCQB/OTCBB and the Pink
What Are Other Post-Retirement Benefits? Other post-retirement benefits are benefits, other than pension distributions, paid to employees during their retirement years. Post-retirement benefits may include life insurance and medical plans, or premiums for such benefits, as well as deferred-compensation arrangements. Although these benefits are mostly employer-paid, retired employees often share in the cost of these
What Are Other Current Assets (OCA)? Other current assets (OCA) is a category of things of value that a company owns, benefits from, or uses to generate income that can be converted into cash within one business cycle. They are referred to as “other” because they are uncommon or insignificant, unlike typical current asset items
What Is Other Real Estate Owned (OREO)? Other Real Estate Owned (OREO) is a bank accounting term that refers to real estate property assets that a bank holds, but that are not part of its business. Oftentimes, these assets are acquired due to foreclosure proceedings. A large quantity of OREO assets on a bank balance
What Is an Option Schedule? The term option schedule refers to a list of options granted by a company to its employees. Employers commonly offer employees options in the form of stocks as a type of compensation. This is especially common for high-level employees like officers and directors of public companies. The schedule for these
What Is an Option Series? An option series refers to a grouping of options on an underlying security with the same specified strike price and the same expiration month. However, call and put options are parts of separate series. For example, a call option series would include the available calls on a specific security at
What Are Options On Futures? An option on a futures contract gives the holder the right, but not the obligation, to buy or sell a specific futures contract at a strike price on or before the option’s expiration date. These work similarly to stock options, but differ in that the underlying security is a futures
What is an Opt Out Right An opt out right generally describes a party’s ability to exclude themselves from specific elements of or changes to a legal agreement. In finance, this right applies most often to sharing of private information among financial institutions. BREAKING DOWN Opt Out Right An opt out right gives a party
Who Is the Oracle of Omaha? The Oracle of Omaha is a nickname for Warren Buffett, who is arguably one of the greatest investors of all time. Buffett is the chair and CEO of Berkshire Hathaway, a company that he became the controlling shareholder of in the mid-1960s. He is called the Oracle of Omaha because
What is an Oral Contract? An oral contract is a type of business contract that is outlined and agreed to via spoken communication, but not written down. Although it can be difficult to prove the terms of an oral contract in the event of a breach, this type of contract is legally binding. Oral contracts
