Financial Dictionary

This dictionary contains:
24549
financial terms

Obligation




Obligation

A legal responsibility, such as to repay a debt.

RELATED TERMS
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Debt
Money borrowed.



SIMILAR TERMS
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Obligation bond
A municipal bond with a face value greater than the value of the underlying property. The difference is designed to compensate the lender for costs exceeding the mortgage value.

Obligor
A person who has an obligation to pay off a debt.



PREVIOUS AND NEXT TERMS
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O.K. to cross
Used for listed equity securities. "Legal to cross the buy and sell orders on the exchange floor because transactor is not a principal in the transaction."

Oath of inspectors
A sworn statement signed by the Inspectors of Election, usually notarized, wherein they swear they will impartially and faithfully execute their duties as Inspectors of Election at the annual or special meeting of shareholders.

Objective (mutual funds)
The fund's investment strategy category as stated in the prospectus. There are more than 20 standardized categories.

Objective probability
The true unobservable underlying odds that something is so.

Objectivity principle
In accounting, all data recorded should be verifiable and free from bias.

Obligation

Obligation bond
A municipal bond with a face value greater than the value of the underlying property. The difference is designed to compensate the lender for costs exceeding the mortgage value.

Obligor
A person who has an obligation to pay off a debt.

Observational noise
The error between the true value in a system and its observed value due to imprecision in measurement.

Obsolete inventory
Term that refers to inventory that is at the end of its product life cycle and has not seen any sales or usage for a set period of time usually determined by the industry.

Occupational pension scheme
A pension scheme generated by a company or organisation for the benefit of its employees.

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This dictionary contains 24549 terms.







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