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					Word(s) :   Occupational pension scheme - a pension scheme set up for employees by an employer. OEIC - Open Ended Investment Company - a type of unit trust that has converted into a company. Offer price - The price at which you can buy shares from a company or investment manager. Offset - To set one amount against another, such as a loss against a profit or a repayment against a debt. Offset mortgage - Offset or all in one mortgages allow you to offset the balance of your mortgage, and any other borrowings you have, against any money you have in a savings and/or current account that's held with the same lender. All your borrowings and savings may be combined in one account. Offshore banking/savings - a bank account that is held overseas. For UK residents, offshore accounts are often held in places like the Isle of Man and the Channel Islands. Ombudsman - An independent official to whom grievances can be aired, free of charge. Opinion Status Inquiry - A reference given by a bank or building society to confirm a customer has run their account responsibly. Opting Out - The decision by an employee to leave or not join a pension scheme provided by his/her employer. Options - An agreement to buy or sell a share at a specific price at a specific date in the future. Ordinarily resident - If you are resident in the UK year after year, you are said to be "ordinarily resident". Other income - This is a "catch all" term to ensure that you declare all your taxable income which you have not already entered anywhere else on the Tax Return. Outgoings - Monies you have to pay to someone else, such as your monthly mortgage, rates, insurance premiums, food and drink costs, etc. Overdraft - When you owe money to your bank through your current account.