One-Stop

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Describes a retail establishment which provides an extensive range of goods and services, so the customer can purchase everything they need without having to go elsewhere.

Online

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Refers to a service or product which is available to use or buy on the Internet. A computer which is connected to the Internet.

Onshore Accounts

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Bank accounts or investments held in countries which have normal rates of tax and strict government control.

Open Account

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An arrangement between a vendor and buyer in which the vendor allows the buyer to pay at a later date for goods received.

Open Cheque

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Also known as an Uncrossed Cheque. A cheque which does not have to be paid into an account, and can be cashed at the bank of the person who wrote it. Also means a cheque which has been signed but no amount has been filled in.

Open Communication

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In business, a situation in which employees have full information about the organisation, and are encouraged to exchange ideas and objectives with management.

Open Offer

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Also known as Entitlement Issue. An offer to existing share holders of a company, which entitles them to purchase new shares at a fixed price, usually lower than the current market price, in order to raise money for the company.

Open Shop

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A business or factory which does not require employees to be members of a trade union.