Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• OPERATION AGREEMENT - within an LLC, is similar to the constitution of a corporation. It is drafted pri...
  
  
• OPERATION OF LAW - The effect of a given statute or rule upon a situation. For example, a joint tenant ...
  
  
• OPERATIONAL EFFICIENCY - A term used to describe the characteristic of a secondary market for a financi...
  
  
• OPERATIONAL GEARING - the higher the proportion of fixed costs relative to variable operating costs, th...
  
  
• OPERATIONALLY EFFICIENT MARKET - Market in which investors can obtain transactions services that reflec...
  
  
• OPERATIONS DEPARTMENT - See: Back office.
  
  
• OPERATIONS RISK - The risk to the bank that errors made in the course of conducting its business will r...
  
  
• OPEX - See: Operating Expenses
  
  
• OPINION LETTER - Letter issued by a certified public accountant to accompany financial statements. The ...
  
  
• OPINION OF TITLE - An opinion of the marketability of a title given by an attorney based on the abstrac...