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| Offer |
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| The price at which a person is willing to sell a security--also called "asked price". In contrast, the bid price is the price at which a person is willing to buy a security. |
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| Offer Price |
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| The price at which a share is offered for sale and thus the price that an investor will pay when buying the share. |
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| Offshore Fund |
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| An investment scheme in which the company running the scheme is legally based outside the tax regime of the country whose residents are investing in it. Frequently the host country for the company deliberately offers legal or tax privileges; at other times, the tax regime is simply more beneficial to such schemes than that of the investors' country of residence. Such host countries are often referred to as tax havens. |
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| Open-Ended Fund |
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| A fund whose capital can normally be increased or decreased by its managing body without the approval of existing investors in the fund. This is usually done to satisfy demand from buyers and sellers. The fund can repurchase any units or shares presented for redemption. Unit trusts and open-ended investment companies are open-ended funds. |
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| Open-Ended Investment Company |
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| An open-ended investment company is a regulated investment company with variable capital, ie it has share capital which is not fixed so that, like a unit trust, it can issue and redeem shares on demand. It is regulated by the Financial Services Authority under a special purpose corporate code which is distinct from the Companies Acts. |
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