Glossary

In finance, obligation is defined as the responsibility to meet the terms of a contract.

Occupancy rate refers to the percentage of space that is rented or used from the total available space. Occupancy rate is used in analysis of hospitals, senior housing, hotels, rental units, and more.

The Organization for Economic Co-operation and Development is an entity that was founded in 1962 to stimulate growth with advanced economies to be able to facilitate the helping of developing economies to also contribute to global growth outlooks. They are for democratic and market economies, and typically have a high level of HDI (Human Development Index). There are 36 sovereign nations in the OECD.

Off-balance sheet is used to describe items, assets or liabilities that are not reflected in a company's balance sheets. Typically these are items that are not owned by or are direct obligations of the company.

An offering is the sale of a security by a company.

Offshore is a term used to refer to locations outside of one's national boundaries. The term is commonly used to describe foreign banks, corporations, investments and deposits. Offshore jurisdictions may be used to minimise tax exposure or to enjoy more relaxed regulations.

Paper money refers to a country's official paper currency.

Patching is the process of applying updates to firmware or software to improve security and/or enhance functionality.

Peer-to-peer lending, also known as P2P, are marketplaces which bring together people or businesses that which to lend money to those that want a loan, thereby creating a space for money loaning which does not require banks.

Phishing is untargeted, mass emails sent to many people asking for sensitive information (such as bank details) or encouraging them to visit fake website.