What Is On Account? “On account” is an accounting term that denotes partial payment of an amount owed. On account is also used to denote the purchase/sale of goods or services on credit. On account can also be referred to as “on credit.” Key Takeaways “On account” is used in accounting to note partial payments
What Is On-Balance Volume (OBV)? On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book Granville’s New Key to Stock Market Profits. Granville believed that volume was the key force behind markets and designed OBV
What Is a Bank Holding Company? A bank holding company is a corporation that owns a controlling interest in one or more banks but does not itself offer banking services. Holding companies do not run the day-to-day operations of the banks they own. However, they exercise control over management and company policies. They can hire
What Is Odious Debt? Odious debt, also known as illegitimate debt, is when a country’s government changes and the successor government does not want to pay debts incurred by the previous government. Usually, successor governments argue that the previous government misappropriated money it had borrowed and that they should not be held responsible for the
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
