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Corporate and Institutional Glossary

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O
Odd Dates
Off-Balance Sheet Lease/Operating Lease
Offer
Open Account
Open Cargo Insurance Policy
Open Position
Option
Option Buyer
Option Contract
Option Seller
Optional Dividend
Originating Depository Financial Institution (ODFI)
Current TermOut-Of-The-Money
Outright Forward Exchange
Out-Of-The-Money
A term describing an option that has no intrinsic value. A call option is out-of-the-money if the forward/future/spot is less than the strike price of the call; a put option is out-of-the-money if the forward/future/spot is higher than the strike price of the put.

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