A cost of a needed resource that is not involved in the production of a good or service but is still incurred and a necessary expense. An ongoing business expense that has no direct relation to the good or service being produced or provided. An accounting term. … [Read more...] about OVERHEAD
O
OVERTURE
An opening; a proposal. … [Read more...] about OVERTURE
OVERHERNISSA
In Saxon law. Contumacy or contempt of court Leg. JEtheL c 25. … [Read more...] about OVERHERNISSA
OWELTY
Equality. This word is used In law in several compound phrases, as follows: 1. Owelty of partition is a sum of money paid by one of two caparceners or co tenants to the other, when a partition has been effected between them, but, the land not being susceptible of division into exactly equal shares, such payment is required to make the portions respectively assigned to them of … [Read more...] about OWELTY
OVERISSUE
To issue in excessive quantity ; to issue in excess of fixed legal limits. Thus, "overissued stock" of a private corporation is capital stock issued in excess of the amount limited und prescribed by the charter or certificate of incorporation. See Hayden v. Charter Oak Driving Park, 63 Conn. 142, 27 Atl. 232. … [Read more...] about OVERISSUE