Category: O

Calculation of oil reserves generated through a company?s own exploration and production processes (rather than purchased). Used as an indicator of the strength of an oil company.

Lat. In the civil law. The benefit or privilege of order; the privilege which a surety for a debtor had of requiring that his principal should be discussed, or thoroughly prosecuted, before the creditor could resort to him. Nov. 4, c. 1; Heinecc. Elem. lib. 3, tit. 21,

A group of people, structured in a specific way to achieve a series of shared goals. Relationships within an organization are determined by its structure and are typically based upon role and function. As the external environment can affect and be affected by organizations, they are considered open systems.

n. At common law. One who has exempt and immediate jurisdiction in causes ecclesiastical. Also a bishop; and an archbishop is the ordinary of the whole province, to visit and receive appeals from inferior jurisdictions. Also a commissary or official of a bishop or other ecclesi- astical judge having judicial power; an archdeacon; officer of the royal household. Wharton. In American law. A judicial officer, in several of the states, clothed by statute with powers in regard to wills, probate, administration, guardianship, etc. In Scotch law. A single judge of the court of session, who decides with or without a jury, as the case may be. Brande. In the civil law. A judge who has authority to take cognizance of causes in his own right, and not by deputation. Murden v. Beath, 1 Mill, Const. (S. C.) 269.

In any business, this term is used for all those activities that are necessary and normal.

The vertical axis of a chart / graph (i.e. the ?y? axis).

the term that is given to the inherent dangers found in a certain job. See ordinary hazards of occupation.

is the ceremony by which a bishop confers on a person the privileges and powers necessary for the execution of sacerdotal functions in the church. Phillim. Ecc. Law, 110.

Debts that are not secured and have no special claim on the debtor?s assets. Secured and preferential debts will be satisfied before ordinary debts.

A writ that lay against a servant for leaving his master contrary to the ordinance of St. 23 & 24 Edw. III. Reg. Orig. 189.