1. Remaining undischarged; unpaid; uncollected; as an outstanding debt 2. Existing as an adverse claim or pretension ; not united with, or merged in, the title or claim of the party; as an outstanding title. Outstanding term. A term in gross at law, which, in equity, may be made attendant upon the inheritance, either by express declaration or by implication. … [Read more...]
OUTHOUSES
Buildings adjoining to or belonging to dwelling-houses. 2. It is not easy to say what comes within and what is excluded from the meaning of out-house. It has been decided that a school-room, separated from the dwelling-house by a narrow passage about a yard wide, the roof of which was partly upheld by that of the dwelling-house, the two buildings, together with some other, and … [Read more...]
OUTSTANDING SHARES
Shares issued and held by stockholders (as opposed to the company). … [Read more...]
OSWALD’S LAW
The law by which was effected the ejection of married priests, and the introduction of monks into churches, by Oswald, bishop of Worcester, about A. D. 064. Wharton. … [Read more...]
OUT OF POCKET EXPENSE
A business expense that is paid for by a person using their own money as opposed to being paid by another party, e.g. an employer, paid by the employee using the company credit card. In this instance, the individual may be using his own person credit card to pay the expense. … [Read more...]