Business Glossary - O
Obligations - Technically defined as “amount of orders placed, contracts awarded, services received, and similar transactions during a given period which will require payments during the same or a future period.”
One-Stop Capital Shops - OSCSs are the SBA’s contribution to the Empowerment Zones/Enterprise Communities Program, an interagency initiative that provides resources to economically distressed communities. The shops provide a full range of SBA lending and technical assistance prog
Ordinary Interest - Simple interest based on a year of 360 days, contrasting with exact interest having a base year of 365 days.
Outlays - Net disbursements (cash payments in excess of cash receipts) for administrative expenses and for loans and related costs and expenses (e.g., gross disbursements for loans and expenses minus loan repayments, interest and fee income collected, and reimburse
Owner’s Draw - amount of money taken from the business by the owner.