Secured Loans
Mainly applies to international equities. Shares of non-U.S. companies traded in
their individual home markets. Usually cannot be delivered in the U.S. See:
A.D.R.
Organization of Petroleum Exporting Countries (OPEC)
A cartel of oil-producing countries.
Organized exchange
A securities marketplace wherein purchasers and sellers regularly gather to trade
securities according to the formal rules adopted by the exchange.
Original face value
The principal amount of the mortgage as of its issue date.
Original issue discount debt (OID debt)
Debt that is initially offered at a price below par.
Original margin
The margin needed to cover a specific new position. Related: margin, security
deposit(initial)
Original maturity
Maturity at issue. For example, a five year note has an original maturity of 5
years; one year later it has a maturity of 4 years.
Origination
The making of mortgage loans.
Other capital
In the balance of payments, other capital is a residual category that groups all the
capital transactions that have not been included in direct investment, portfolio
investment, and reserves categories. It is divided into long-term capital and short-
term capital and, because of its residual status, can differ from country to
country. Generally speaking, other long-term capital includes most non-
negotiable instruments of a year or more like bank loans and mortgages. Other
short-term capital includes financial assets of less than a year such as currency,
deposits, and bills.
