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O
Offer Period -
The availability period for the housing loan package.
Option/Warrant - An instrument that gives the holder the
right but not the obligation, to subscribe for a particular
instrument, e.g. new ordinary shares, at a pre-determined exercise
price within a stipulated validity time frame (exercise period). The
warrant becomes worthless after the expiry of the exercise period.
Outstanding Financing - Remaining financing not yet paid,
including profit margin and other charges.
Outstanding Loan - Remaining loan not yet paid, including
interest and other charges.
Over-the-counter visit (OTC) - Banking transactions performed
over the counter is treated as one OTC visit irrespective of the
number of transactions performed
Overdraft - A type of credit facility granted to the eligible
current account holder. The borrower is allowed to issue cheques
exceeding the credit balance in the current account but subject to a
certain pre-approved limit granted by the financial institution.
Overdraft Rate - The amount charged by banking institutions
to borrowers for utilizing the overdraft facility, calculated based
on daily outstanding balance.
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