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1-3 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Objective: A plan or goal for managing your financial matters.

Occupational disability: A type of disability insurance that pays benefits when a disability prevents you from performing the skilled work for which you have been trained.

Open-end fund: A type of mutual fund that sells and repurchases as many shares as an investor would like to.

Operating expenses: Ongoing expenses required to operate a business. These expenses include rent, advertising, and telephone services, to name a few. These expenses are also called overhead.

Out-of-pocket: Paid for by cash or check, but not credit.

Overdraft protection: A credit line linked to your checking account that pays the checks you've written even if you have insufficient funds in the account to cover the check. This protection prevents you from having to pay hefty overdraft fees.