Glossary
Online Banking - glossary for children
Using the internet to check the money in a bank account, send money to someone else, or pay bills, local taxes, and other payments.
Online (Internet) Banking
A digital banking service that allows clients to manage their bank accounts via the internet using a web browser on a computer, laptop, or other device. Access is granted through the bank’s website using a username and password, often with additional security measures such as SMS codes, tokens, or biometric authentication.
Online Payment - glossary for children
Paying for a purchase on the internet with a card.
On sale - glossary for children
A special offer with a lower price for a product or service, for example, during holidays or special campaigns.
Operating Lease
A contract under which the lessor grants the lessee the right to use a long-term asset (such as a vehicle, equipment, or machinery) for a specified period in exchange for periodic payments, without transferring ownership of the asset at the end of the lease term.
Opportunity Cost
An abstract concept representing the second-best alternative — the one you gave up because you preferred the first.
Option
A derivative financial instrument that gives the holder the right, but not the obligation, to buy or sell an underlying asset (such as shares, currency, commodities, or indices) at a predetermined price (strike price) within a specified period or by a certain date.
Organized Trading System
An alternative electronic market for trading financial instruments (such as shares, bonds, derivatives, etc.) that ensures transparency, oversight, and compliance with market rules, without being a regulated exchange. According to the Markets in Financial Instruments Act, it is organized and managed by an investment intermediary or market operator and is subject to licensing by the Financial Supervision Commission.
Overdraft
A type of short-term credit provided through a checking account or debit card, allowing the account holder to temporarily withdraw funds beyond the available balance up to a specified limit.
Over-indebtedness
A condition in which the total amount of debts exceeds an individual’s or legal entity’s ability to repay them.
Partners
