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| Offerer
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One who extends an offer to another. |
| Offering statement
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Prospectus. Document that must accompany a new issue of securities for a real estate company or partnership. It includes the same information in the registration statement, such as a list of directors and officers, financial statements certified by a CPA, underwriters, the purpose and use for funds, and other relevant information that prospective buyers of a security want to know. |
| Office building
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A structure primarily used for the conduct of business, such as administration, clerical services, and consultation with clients and associates. Such buildings can be large or small and may house one or more business concerns. |
| Office condominium
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The units are used as commercial offices. The purchaser of an office condominium owns the title to the individual office unit and not to the property. Maintenance fees are assessed to each owner. |
| Office of interstate land sales registration (oilsr)
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Division of the U.S. Department of Housing and Urban Development that regulates offerings of land for sale across state lines. |
| Office of thrift supervision (ots)
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Federal Agency created by FIRREA to regulate and supervise federally chartered Savings and Loan Associations. The OTS takes over the thrift regulatory duties exercised by the Federal Home Loan Bank Board prior to passage of the Act. This agency is part of the Treasury Department. |
| Office park
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A planned development specially designed for office buildings and supportive facilities, such as restaurants. Some office parks are designed to attract specific tenants such as medical services. |
| Offset
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(1) Compensation. Counterbalance. (2) A change from one to two axes. |
| Offset ratchet
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With an offset ratchet, the ratchet head is offset from the handle to help avoid scraped knuckles in tight work areas. |
| Offset screwdriver
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A screwdriver with a 90-degree bend, used to reach inaccessible places. |
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