|
||
|
|
||
|
Obamanomics - A buzzword that describes the economic philosophy of 2008 democratic presidential candidate Barack Obama. Obamanomics calls for lower tax rates for companies that meet certain criteria, such as providing decent healthcare and maintaining a U.S. workforce and headquarters. Obama's economic platform also calls for higher taxes for high-income families and investment in education, healthcare and the sciences. OEIC - Open Ended Investment Company. A type of company or fund in the UK that is structured to invest in other companies with the ability to adjust constantly its investment criteria and fund size. The company's shares are listed on the London Stock Exchange, and the price of the shares are based largely on the underlying assets of the fund. There are no bid and ask quotes on the OEIC shares; buyers and sellers receive the same price. Offer - The price at which a market maker will sell shares. Options - With an option, a dealer pays for the right to buy or sell a specified amount of a commodity at a certain price at a certain time, but will only finalise the sale if it is profitable. Oracle of Omaha - Nickname of legendary investor Warren Buffett. Over The Counter Market (OTC Market) - A decentralized market of securities not listed on an exchange where market participants trade over the telephone, facsimile or electronic network instead of a physical trading floor. There is no central exchange or meeting place for this market. |
||
|