Here are Finance dictionary terms beginning with O.

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Off Balance Sheet Liability  a bank liability that is not recorded on the bank’s balance sheet. For example, an underwriting liability or a letter of credit.

Offer for Sale  a way of bringing a company to market either via an auction process or at a fixed price per share.

Offshore Market  a market for loans or deposits of a currency outside of the country of issue of that currency. For example, dollar loans/deposits made outside of the United  States. See also Eurocurrency.

Open Market Operation  the buying or selling of money market securities by the central bank aimed at expanding or contracting the money supply and influencing money market rates of interest.

Open Outcry  a system for setting prices on securities/commodities in a trading pit by traders shouting out buy/sell orders in a face to face scenario.

Option  the right but not the obligation to buy/sell shares, bonds, foreign exchange, commodities etc at a given (exercise/strike) price at or before a predetermined date in the future.

Out of the Money Option  an option that has no intrinsic value. For a call option the price of the underlying is below the strike price. For a put option the price of the underlying is above the strike price.

Over the Counter Market  a market where trading does not take place in an organized Exchange. For example, a bank might sell an option to buy or sell a currency at a given exchange rate. Contracts are typically tailor made by a bank or financial institution to meet the specific need of the buyer.

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