Technology / Home Audio / On Axis: A listening experience which takes place with the ear precisely lined up with the central pressure axis of the emitter. Headphones are a normative example of this effect. Sitting directly in front of a speaker is another.
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Business / Agriculture / Open Position: Ownership of a fixed-price forward contract, especially a futures contract. MORE
Technology / Computers / Open Systems Interconnection (OSI): A reference model developed by the International Organization of Standardization. It splits networking into seven layers which provide specific services and communications standards. MORE
Business / Finance / Open On The Print: Used in the context of general equities. Block trader's term for a block trade that has been completed with an institutional client and printed on the consolidated tape, but leaves the block trader wi MORE
Business / Construction / Open Hole Inspection: When an engineer (or municipal inspector) inspects the open excavation and examines the earth to determine the type of foundation (caisson, footer, wall on ground, etc.) That should be installed in th MORE
Business / Finance / Open Depending On The Floor: Used for listed equity securities. Having room for a customer buyer or seller contingent on the results of a trade being executed on the floor (i.e., satisfying the specialist book and the orders the MORE
Business / Accounting / Open Transaction: A transaction that is not completed at the end of the accounting period: a purchase that has not yet been paid for or a sale where payment is yet to be collected when the accounting period ends. MORE