Glossary of Financial Terms
Acroynym for Office of Foreign Assets Control (see definition below).
Office of Foreign Assets Control is run by the US Department of the Treasury and is responsible for the administration and enforcement of economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in activities related to the proliferation of weapons of mass destruction.
OSFI is a Canadian federal agency established under the Financial Institutions and Deposit Insurance System Amendment Act to supervise all federally regulated financial institutions. OSFI is also responsible for monitoring federally regulated pension plans.
A bank account whereby savings account, chequing account, mortgage, credit cards and other debts are managed as one account.
Transactions carried out by businesses or individuals over the internet.
The Ontario Securities Commission oversees the securities industry in Ontario. It administers and enforces the Securities Act and the Commodity Futures Act as well as certain provisions of the Business Corporations Act.
· See Also · Canadian Securities Commission
A (usually short-term) loan extended to a company to cover some or all of that company's operating expenses.
The right of a shareholder in a company to purchase further shares in that company at a predetermined price for a specific period of time.
The most common form of publicly traded stocks, are ownership certificates in a traded company entitling the share holder to dividends relative to that company's profitability.
Acronym for Office of the Superintendent of Financial Institutions (see definition, above).
A specified monetary amount by which an account may be overdrawn.
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by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
The page subject is: Banking Software > Glossary of Terms - O