Dictionary

Open Market Operations

Definition:   the purchase and sale of U.S. Treasury and federal agency securities Pronunciation:    \ˌä-pə-ˈrā-shən\ Used in a Sentence:   The Fed’s principal and most effective tool for implementing monetary policy is...

Open Listing

Definition:   a listing given to any number of brokers who can work simultaneously to sell the owner’s property Pronunciation: Used in a Sentence:   An open listing is often used by...

Office Of Thrift Supervision (ots)

Definition:  a branch of the U.S. Treasury Department that replaced the Federal Home Loan Bank Board as regulator of the thrift industry Pronunciation: Used in a Sentence:

Offer

Definition:   a promise by one party to act or perform in a specified manner, provided the other party acts or performs in the manner requested Pronunciation:    \ˈȯ-fər, ˈä-\ Used in...

Occupancy Rate

Definition:   the percentage of rental units that are occupied Pronunciation:    \ˈä-kyə-pən(t)-sē\\ˈrāt\ Used in a Sentence:    The occupancy rate for the apartment building was high due to only a few...

Obsolescence

Definition:   a cause of depreciation in a property, can be external or functional Pronunciation:  \ˌäb-sə-ˈles-əns\ Used in a Sentence:   The lack of enough bathrooms in the house is an example of...