Financial Dictionary

This dictionary contains:
24549
financial terms

Oral contract




Oral contract

A contract not recorded on paper or on computer, but made vocally which is usually enforceable.

RELATED TERMS
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Contract
A term of reference describing a unit of trading for a financial or commodity future. Also, the actual bilateral agreement between the buyer and seller of a transaction as defined by an exchange.

Paper
Money market instruments, commercial paper, and other.



SIMILAR TERMS
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ORAL Credit Union
ORAL is a credit union with head office in HONOLULU, HI



PREVIOUS AND NEXT TERMS
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Options contract multiple
A constant, set at $100, that when multiplied by the cash index value gives the dollar value of the stock index underlying an option.

Options on physicals
Interest rate options written on fixed income securities, as opposed to those written on futures contracts.

Options Price Reporting Authority
A committee of representatives from participating exchanges responsible for providing last-sale options quotations and information from the participating exchanges.

Or better
Used in the context of general equities. Indication on the order ticket of a limit order to buy or sell securities at a price better than the specified limit price if a better price can be obtained.

Oracle of Omaha
A nickname for Warren Buffett, who is arguably one of the greatest investors of all time.

Oral contract

Order
Instruction to a broker-dealer to buy, sell, deliver, or receive securities or commodities that commits the issuer of the "order" to the terms specified.

Order book
The automated trading system introduced in 1997 for the largest companies quoted on the London Stock Exchange.

Order Book Official
The exchange employee in charge of keeping a book of public limit orders on exchanges utilizing the "marker-maker" system, as opposed to the "specialist system", of executing orders.

Order driven
An auction market where prices are determined by the publication of orders to buy or sell shares.

Order flow
The directing of orders by a brokerage to different parties to be executed.

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This dictionary contains 24549 terms.







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