Archives: Terms

Definition of Open Outcry Open outcry is a method of verbal and hand signal communication used by traders on the trading floor of a stock exchange or futures exchange. It involves shouting and the use of hand signals to transfer information about buy and sell orders. This system was predominant […]

### Definition of Opaque Policy Measures Opaque policy measures refer to government actions or regulations that are not transparent or clear to the public and stakeholders. These measures may be complex, poorly communicated, or deliberately concealed, making it difficult for the general populace and businesses to understand their implications fully. […]

Definition of On-the-Job Training On-the-job training (OJT) refers to the method of providing employees hands-on experience with guidance from a mentor or an experienced coworker. This type of training is often conducted in the actual work environment and is designed to enable employees to acquire the necessary skills, knowledge, and […]

Definition of Omitted Variable Bias Omitted variable bias occurs when a statistical model leaves out one or more relevant variables. The absence of these variables leads to a biased estimate of the effect of the included variables on the outcome. This typically happens in regression analysis, where failing to include […]

Definition of Ombudsman An ombudsman is an independent and impartial official, usually appointed by the government or an organization, whose role is to investigate complaints made by individuals against public entities or specific sectors. The ombudsman acts as a mediator between the complainant and the institution to resolve conflicts or […]

Definition of Oil Crisis An oil crisis refers to a significant increase in oil prices or a substantial shortfall in its supply, leading to economic and political turbulence across the globe. These crises are primarily caused by geopolitical conflicts, natural disasters, or decisions made by oil-producing countries to limit production. […]

Definition of Offshore Fund An offshore fund refers to any investment fund that is organized, registered, or managed in a jurisdiction outside of the investor’s country of residence, typically in a low-tax or no-tax jurisdiction. These funds are often set up to provide tax advantages, regulatory benefits, and increased privacy […]

Definition of Official Financing Official financing refers to financial support or loans provided by governmental bodies or international institutions to other countries or entities within specific regulatory parameters. This type of financing is typically aimed at promoting economic development, supporting financial stability, or providing emergency assistance during crises. It includes […]

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Definition of the Office of Management and Budget (OMB) The Office of Management and Budget (OMB) is a pivotal executive office serving the President of the United States. It’s tasked with overseeing the implementation of the President’s vision across the Executive Branch. Specifically, the OMB assists in the preparation of […]