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Oral contract
Oral contractA contract not recorded on paper or on computer, but made vocally which is usually enforceable. RELATED TERMS-------------------------------------- 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-------------------------------------- ORAL Credit Union ORAL is a credit union with head office in HONOLULU, HI PREVIOUS AND NEXT TERMS-------------------------------------- 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. We thank you for using the Financial Dictionary to search for Oral contract. If you have a better definition for Oral contract than the one presented here, please let us know by making use of the suggest a term option. This definition of Oral contract may be disputed by other professionals. Our attempt is to provide easy definitions on Oral contract and any other medical topic for the public at large.
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