Dr. Harvey's Financial Glossary

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Outright rate: Actual forward rate expressed in dollars per currency_unit, or vice versa.
Outside director: A director of a company who is not an employee of that company and brings in outside experience to help make board decisions.
Outside market: Used in the context of general equities. Outside the inside market (above the lowest offering and below the highest bid).
Outside of you: Used for listed equity securities. Another order bidding for or offering stock at the same price that the trader has put on the floor himself, represented by another broker in the trading crowd. These orders may have different price limits (possible top or low on floor mentioned to floor broker but not announced in the crowd). See Also: Matched orders
Outsourcing: Purchasing a significant percentage of intermediate components from outside suppliers.
Outstanding: Used in the context of general equities. Stock held by shareholders (verses the company's treasury stock).
Outstanding Dividends: Dividend checks which have been mailed to shareholders of record but not yet cashed. Funds are held until the check is paid, reissued or escheated to the state as abandoned property.
Outstanding share capital: Issued share capital less the par value of shares that are held as the company's treasury stock.
Outstanding shares: Shares that are currently owned by investors.
Overage: Apples mainly to convertible securities. Difference between how much common stock one party must sell and the other wishes to buy for the same amount of convertible in a swap.
Overall FTC limitation: A limitation on the FTC equal to foreign source income times US tax on worldwide income divided by worldwide income.
Overall market price coverage: Total assets less intangible_asset divided by the total of the market value of the security issue and the book value of liabilities and issues having a prior claim. This is used to determine how much of the market value of a certain class of securities would be covered in liquidation.
Overbought: Used in the context of general equities. Technically too high in price, and hence a technical correction is expected. See: Heavy. Antithesis of oversold.
Overbought-oversold indicator: An indicator that attempts to define when prices have moved too far and too fast in either direction and thus are vulnerable to reaction.
Overcapitalization: Said to occur when a firm cannot service its debt even though its debt /equity ratio is not excessive.
Overdraft: Provision of instant credit by a lending institution.
Overdraft checking account: A checking account associated with a line of credit that allows a person to write checks for more that the actual balance in the account, with a finance charge on the overdraft.
Overfunded pension plan: A pension plan that has a positive surplus (i.e., assets exceed liabilities).
Overhang: Used in the context of general equities. Sizable block of securities or commodities contracts that, if released on the market, would put downward pressure on prices ; prohibits buying activity that would otherwise translate into upward price movement. Examples include shares held in a dealer's inventory, a large institutional holding, a secondary distribution still in registration, and a large commodity position about to be liquidated.
Overhanging Bond: A convertible_bond issue that investors do not convert into common stock because the stock has not appreciated in value.
Overhead: The expenses of a business that are not attributable directly to the production or sale of goods.
Overheating: An economy that is growing very quickly, with the risk of high inflation.
Overinvestment: In corporate finance, this refers to managers not acting in the best interests of the shareholders and investing too much (potentially in negative net present value projects).
Overissue: An excess of issued shares over authorized shares.
Overlap the market: Used in the context of general equities. Create a crossed market by expressing a willingness to sell on the bid side of the market and buy on the offer side.

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