Business Words Beginning With O :

Obligation : Any enforceable debt (business) : A duty owed by one person to another (legal)




Octroi : A tax imposed on articles coming inside a city : Revenues from such sources generally go to municipal bodies.




Official Exchange Rate : The ratio which is applied by the monetary authority of one country in exchange of that of another country




Open Cheque : An uncrossed cheque payable on presentation to bearer or order as the case may be




Open Credit : Credit given by a banker to a customer without guarantee or security




Open Indent : An importer’s purchase order to an exporter which may be filled with goods from any manufacturer or firm provided the goods meet specification




Opening Price : The price at which the first sale on an organised market is made on a particular day




Open Letter Of Credit : A letter of credit without special conditions




Open Rate : The rate at which the goods are exchanged in the market from day to day or the current ruling price in the market




Over Draft : A draft drawn in excess of the amount owed by the party upon whom the draft is drawn




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