CORPORATE & INSTITUTIONAL GLOSSARY

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)

Out-Of-The-Money

Outright Forward Exchange

Generally structured in accordance with the provisions set forth in FASB 13, a lease that is not required to appear on a company's balance sheet for financial statement reporting purposes. The company treats the payments as rental or lease expense on its income statement.