Tooltip Categories: Economics & Finance

option

The right, but not the obligation, to buy (for a call option) or sell (for a put option) a specific amount of a given stock,

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oral contract

A contract the terms of which have been agreed by spoken communication, in contrast to a written contract, where the contract is a written document.

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order

a commission or instruction to produce or supply something in return for payment. (source: http://www.wordreference.com/definition/order)

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bank order

An instruction by a bank to pay someone a particular amount. A bank order is a more trusted method of payment than a personal cheque.

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order cheque

A cheque which is paid to a named person with the words ‘or order’ after the payee’s name, showing that he or she can endorse

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order note

A confirmed request by one party to another to buy, sell, deliver, or receive goods or services under specified terms and conditions.

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order of payment

An international banking term that refers to a directive to a bank or other financial institution from a bank account holder instructing the bank to

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operating accounts

Operating accounts include revenues (tuition, fees) expenditures (labor related costs, supplies and services), and transfers. (source: http://www.financeglossary.net/definition/2484-Operating_Accounts)

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operating income (or loss)

Operating income is gross profit minus overhead expenses. Gross profit is equal to revenues minus cost of goods sold, which is the direct labor and

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operating profit

Operating Profit = revenue – cost of goods sold, labor, and other day-to-day expenses incurred in the normal course of business. Operating profit is also

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