The terms used in business such as Outplacement ,Output Tax,Outside Shareholder, Overage,Overall FTC Limitation ,Overheads,Overdrawn etc.
This post explains about terms used in business such as organizational market, Organized Marke,Orphan Product,Outplacement ,Output Tax,Outside Shareholder, Overage,Overall FTC Limitation ,Overheads,Overdrawn etc.These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.
The terms used in business
Organised trade / Commerce organisé :Term encompassing all types of networked organisations (chain-stores, dealerships, franchises, cooperatives, voluntary retail buying chains, etc.).
Organization for Economic Cooperation and Development (OECD) - A group of 30 countries that meets regularly to discuss global issues and make appropriate economic and social policies.
Organization of American States (OAS) - A regional organization created in 1948 promoting the economic and social development of Latin America. Members include the U.S., Mexico, most of South and Central America, and most of the Caribbean nations.
Organization of Petroleum Exporting Countries (OPEC) - An organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum.
organizational market: A marketplace made up of producers, trade industries, governments and institutions.
Organizational Chart: A diagram of the relationships and responsibilities of individuals or functional departments within your business
Organized Market:This is a type of market whose proceedings are governed by written rules and customs.
Origin / Origine :Goods are considered to originate from a country if they are obtained entirely in that country or have undergone there final processing or substantial value addition, which is economically justified, in an enterprise equipped to that effect, such that this operation creates a new product or constitutes a significant stage of production. In matters of origin, the European Community usually constitutes a single country.
Orphan Product - In medicine, a test, device, drug, etc., which may be useful for certain rare diseases or disorders but is not financially viable, so is therefore not developed for commercial use.
Orphaned Technology - A term which refers to computer products, programs, etc., which have been abandoned or not marketed by their developers.
OSBM :Office of State Budget and Management.
OSDBU (Office of Small and Disadvantaged Business Utilization):These offices offer small business information on procurement opportunities, guidance on procurement procedures, and identification of both prime and subcontracting opportunities with the United States Government.
Outbid - To offer more money than a rival for something, especially at an auction.
Outbound Telemarketing - When a company calls prospective customers on the phone in order to sell them goods or services, compared to Inbound Telemarketing where the customer calls a company for assistance or to purchase goods.
Outdoor Advertising - Also known as Out-Of-Home Advertising. Advertising which consumers can see while they are outside, e.g. billboards, newsstands, skywriting, advertising blimps, etc.
Outgoings - Term used in the UK to describe money being paid out on a regular basis by an individual or a company.
Outlay - The total amount of money which has to be spent to acquire an asset or start a project, including costs, taxes, delivery charges, etc.
Outlet / Point de vente exclusif :A store that sells goods for a company.
Outplacement - A service provided by a former employer which helps a terminated employee find a new job.
Output Tax - In the UK, the amount of VAT (Value Added Tax) a company or business adds to the price of its products or services.
Outside Shareholder - A shareholder who doesn't own more than 50% of a company's shares.
Outsourcing - A situation in which a firm's functions are performed or provided by a person or group from outside the company.
Outstanding Shares - Also called Outstanding Stock. A company's ordinary shares which have been issued and are owned by investors.
Outward Investment - Investments which are made abroad.
Overage - A company's surplus, such as money or goods, which is available but exceeds the amount needed or required.
Overall FTC Limitation - In the U.S. tax code, a limitation on the FTC equal to foreign-source income times U.S. tax on worldwide income divided by worldwide income.
Overallotment - On the Stock Market, the offering for sale of more shares, etc., than are actually available, in the anticipation that some orders will be cancelled.
Overbought - On the Stock Market. a situation in which there has been too much buying of shares, etc., which has therefore caused prices to rise too high.
Overcapitalised - Refers to a business which has been provided with more money than it needs. To overestimate the capital value of a business.
Overdraft - Refers to the amount of money that is owed to a bank because withdrawals from an account exceed deposits. An arrangement in which a bank extends credit to a customer, usually up to a maximum amount.
Overdraft facility - a finance arrangement where a lender allows a business to withdraw more than the balance of an account.
overdraft: the amount by which the money withdrawn from a bank account exceeds the balance of the account.
Overdrawn account - a credit account that has exceeded its credit limit or a bank account that has had more than the remaining balance withdrawn.
overdrawn: in debt to a bank because the amount withdrawn from an account exceeds its balance.
Overhead Expenditure:It refers to all indirect expenditures of general nature that cannot be directly charged to the particular article produced e.g. factory rent, salaries to foremen! etc.
overhead: A general term for costs of materials and services not directly adding to or readily identifiable with the product or service being sold.
Overheads - In business, regular costs which are incurred, such as wages, rent, insurance, utilities, etc.
Overheads - the fixed costs associated with operating a business such as rent, marketing, utilities and administrative costs. See also Fixed costs.
Overmanned - A situation in which there are more workers than are needed for a job.
Overpanamax / Overpanamax :Ship with one of its parameters exceeding 295 m (length), 32.25 m (external width) or 13.5 m (maximum draught). These ships cannot navigate through the Panama canal.
Overprice: to set the price of a product or service too high, with the result that it is unacceptable to the market.
Overproduction - To produce more goods than are needed or wanted, an excess of supply over demand.
Overriding Commission - A commission paid to an agency office manager based on business created by agents who work at that office.
Overseas Countries and Territories (OCT) - A group of twenty-one territories which depend constitutionally on four of the European Union Member States: Denmark, France, the Netherlands, and the United Kingdom.
The above details describes about terms called in business such as organizational market, Organized Marke,Orphan Product,Outplacement ,Output Tax,Outside Shareholder, Overage,Overall FTC Limitation ,Overheads,Overdrawn etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in overseas trade below this post.Terms used in trade such as Operating Income,Operating Expenses,Opinion Leader, Optimize, order,Ordinary Capital etc
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