Statistical Terms Glossary

Designed for use by a provider of on-line services, it covers the nature of the service to be provided, the right of the service provider to restrict access, to change its operating procedures, or to modify the rules of access for the on-line service. Where users may upload information to the service, the service provider will also address issues of ownership of proprietary rights and editorial control over the uploaded content, and the user’s rights of privacy in electronic communications.

Is a service offered by banks that allows account holders to access their account data via the Internet. In order to take advantage of online banking, an account holder would need to meet several technological requirements, such as having a personal computer with Internet access and web browser.

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The role of the moderator is to ensure that all comments adhere to the explicit conditions of use and it is their responsibility to remove comments that breach these rules. There are two main options with regard to moderation: pre-moderation and post-moderation. With the pre-moderation all comments are sent to a moderator who decides whether to accept them based on the conditions of use, with post-moderation all comments go straight to the e-consultation and the moderator typically monitors every 24 hours and removes any comments that breach the conditions of use.

A zone that restricts the passage of light when compared with a translucent zone.

A condition of a fishery in which anyone who wishes to fish may do so.

Is an archive, consisting of an organization of people and systems, that has accepted the responsibility to preserve information and make it available for a Designated Community.

Open burning is outdoor burning of wastes such as lumber, scrapped cars, textiles, sawdust and so forth

Describes any kind of creative work, or content, published under a license that explicitly allows copying and modifying of its information by anyone, not exclusively by a closed organization, firm or individual. Open content is an alternative paradigm to the use of copyright to create monopolies; rather than leading to monopoly, open content facilitates the democratization of knowledge.

Distance learning means that you study on your own, either at home or wherever suits you. It’s ‘open’ because you learn in your own time, at home or wherever you choose – reading, watching or listening to material supplied, doing course activities and assignments with regular support from your tutor.

An investment company that sells and reclaims its capital stock continuously, selling it at book value, adding a sales charge, and redeeming it at a slight discount to at book value.

Provide access to knowledge without the need to pay for the knowledge itself, although there may be marginal fees for access (membership in trade associations, attendance at conferences, subscriptions to journals).

Total number of contracts in a commodity or options market that are still open. The Bank has a Limitation of 15% open market interest in any futures or option contract.

Refers to non-built-up land with no, or with insignificant, vegetation cover.

1. The market maintained by government securities dealers. As regards U.S. Treasury borrowing operations, the open market is the money market in the case of short-term obligations or the capital market in the case of long-term obligations. 2. The general financial market.

An open market operation is the sale or purchase of mostly government securities, in a market open to private investors, by a central bank. Sales in the open market are an integral part of monetary policy, allowing the central bank to manage the volume of money and credit in the economy. For instance, if the money supply rises due to an unanticipated in-flow of foreign currency, the central bank may act to counter the rise in foreign exchange reserves by selling government securities; an action referred to as (monetary) sterilisation

Funds that supports at least one plan with no restriction on membership.

Procedure whereby a bond issue is sold on the basis of a yield to be determined after the selling period is over.

Is a dynamic routing protocol for use in Internet Protocol (IP) networks. Specifically, it is a link-state routing protocol and falls into the group of interior gateway protocols, operating within a single autonomous system (AS). It is defined as OSPF Version 2 in RFC 2328 (1998) for IPv4.

An open-end investment company is a managed investment company, with an unlimited life, that stands ready at all times to purchase its shares from its owners and usually will continuously offer new shares to the public. (Investments, W.F. Sharpe/G.J. Alexander)

The initial price at which a transaction in a security takes place on a given day.

Open source describes practices in production and development that promote access to the end product's source materials—typically, their source code.[1] Some consider open source a philosophy, others consider it a pragmatic methodology. Before the term open source became widely adopted, developers and producers used a variety of phrases to describe the concept; open source gained hold with the rise of the Internet, and the attendant need for massive retooling of the computing source code. Opening the source code enabled a self-enhancing diversity of production models, communication paths, and interactive communities.

A method and philosophy for software licensing and distribution designed to encourage use and improvement of software written by volunteers by ensuring that anyone can copy the source code and modify it freely.