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A stock unit that consists of less shares than the usual block of 10 or 100 which are typically sold. … [Read more...] about ODD LOT

Lat. In old English law. A writ that lay for one who was ejected out of his land or tenement in time of war. Cowell. … [Read more...] about OCCUPAVIT

Complete property, as opposed to feudal tenure. The transposition of the syllables of "odhal" makes it "allodh," and hence, according to Blackstone, arises the word "allod" or "allodial," (q. v.) "Allodhn is thus put in contradistinction to "fecodh.V Mozley A Whitley. … [Read more...] about ODHAL

Disused; neglected; not observed. The term is applied .to statutes which have become inoperative by lapse ot time, either because the reason for their enactment has passed away, or their subject matter no longer exists, or they are not applicable to changed circumstances, or are tacitly disregarded by all men, yet without being expressly abrogated or repealed. … [Read more...] about OBSOLETE

Opportunity Cost … [Read more...] about OC