OU glossary terms

Browse full definitions for every OU term in the Amicus glossary.

Out-Of-Pocket Expense

/ˌaʊt əv ˈpɒkɪt ɪkˈspɛns/

Definitions

  1. (n.) A cost paid directly by an individual, rather than covered by insurance or reimbursed, often in legal or insurance contexts.
    The plaintiff claimed reimbursement for her out-of-pocket expenses incurred during the trial.

Forms

  • out-of-pocket expense
  • out-of-pocket expenses

Commentary

Typically refers to expenses that a party must personally bear, critical in calculating damages or insurance claims; ensure clarity whether the term covers all direct payments or only those unreimbursed.


Out-Of-State Tuition

/ˌaʊt əv steɪt ˈtuːɪʃən/

Definitions

  1. (n.) The tuition fee charged by public colleges or universities for students who reside outside the state where the institution is located.
    Out-of-state tuition rates are typically higher than in-state rates to reflect the lack of state residency.

Forms

  • out-of-state tuition

Commentary

Out-of-state tuition often implicates residency determinations and state funding policies; institutions carefully define residency criteria to comply with legal and regulatory standards.


Outage

/ˈaʊ.tɪdʒ/

Definitions

  1. (n.) A temporary cessation or interruption of a service, especially of electrical power or communications, often relevant in contracts and liability considerations.
    The utility company was liable for damages caused by the power outage.

Forms

  • outages

Commentary

In legal contexts, 'outage' often arises in service agreements where liability and remedies for interruption are stipulated; precise definition and duration terms are critical in drafting.


Outcome

/ˈaʊtkʌm/

Definitions

  1. (n.) The final result or consequence of a legal proceeding or dispute.
    The outcome of the trial was a unanimous verdict in favor of the plaintiff.
  2. (n.) The effect or impact of a legal decision on the parties involved.
    The outcome of the contract dispute affected both companies' future dealings.

Forms

  • outcomes

Commentary

In legal drafting, 'outcome' typically refers to the end point of a legal process, emphasizing either the decision itself or its practical effect.


Outdated

/ˌaʊtˈdeɪtɪd/

Definitions

  1. (adj.) No longer current or valid in law due to passage of time or legal changes.
    The court deemed the statute outdated and unenforceable.

Commentary

Often used to describe laws or regulations that have been replaced or invalidated by newer ones; drafting should clarify effective dates to avoid ambiguity.


Outdated Precedent

/ˌaʊtˈdeɪtɪd ˈprɛsɪdənt/

Definitions

  1. (n.) A judicial decision or legal precedent that is no longer considered authoritative or persuasive due to changes in law, societal values, or subsequent rulings.
    The court chose not to follow the outdated precedent in its latest ruling.

Forms

  • outdated precedents

Commentary

Outdated precedent often arises when higher courts have supplanted earlier decisions; drafters should verify the current authority of cited cases to avoid reliance on obsolete law.


Outer Space

/ˈaʊtər speɪs/

Definitions

  1. (n.) The expanse beyond the Earth’s atmosphere, subject to international treaties regulating use, exploration, and sovereignty.
    The Outer Space Treaty governs activities in outer space to prevent national appropriation.

Forms

  • outer space

Commentary

The term is often distinguished from airspace in legal texts, as sovereignty claims do not extend into outer space under prevailing international agreements.


Outer Space Treaty

/ˈaʊtər speɪs ˈtriːti/

Definitions

  1. (n.) An international treaty that forms the basis of international space law, banning the placement of nuclear weapons in space, limiting the use of the Moon and other celestial bodies to peaceful purposes, and establishing that outer space is free for exploration and use by all countries.
    The Outer Space Treaty prohibits the militarization of outer space.

Forms

  • outer space treaty
  • outer space treaties

Commentary

This treaty is a foundational instrument in space law and is often cited in legal and policy discussions regarding outer space activities.


Outlaw

/ˈaʊtlɔː/

Definitions

  1. (n.) A person declared by law to be outside the protection of the law, often for committing serious crimes or fleeing justice.
    The medieval outlaw was subject to arrest or death without trial.
  2. (v.) To make something illegal or prohibited by law.
    The legislature outlawed the use of certain toxic chemicals.

Forms

  • outlaws
  • outlawed
  • outlawing

Commentary

The noun sense refers to a person outside legal protection, historically significant; the verb sense concerns the legislative act of prohibiting actions or entities by law.


Outline

/ˈaʊtˌlaɪn/

Definitions

  1. (n.) A preliminary summary or general description of the main points or features of a legal document, argument, or case.
    The attorney prepared an outline of the case to present during the hearing.
  2. (v.) To draft or present a general summary or preliminary plan of a legal argument, document, or statute.
    She outlined the key issues in the contract before drafting the full agreement.

Forms

  • outlines
  • outlined
  • outlining

Commentary

In legal drafting, an outline serves to organize and clarify the structure before detailed development; it is often used in preparation for arguments, memoranda, or pleadings.


Outpatient Treatment

/ˈaʊtˌpeɪʃənt ˈtriːtmənt/

Definitions

  1. (n.) Medical or therapeutic care provided to a person without requiring overnight hospitalization, often relevant in legal contexts such as insurance claims or healthcare regulation.
    The court examined whether the insurance policy covered the costs of outpatient treatment following the accident.

Forms

  • outpatient treatment

Commentary

In legal documents, clarify whether outpatient treatment includes specific services or is strictly non-residential to avoid ambiguity in coverage or liability issues.


Output Contract

/ˈaʊtˌpʊt ˈkɒntrækt/

Definitions

  1. (n.) A contract obligating a seller to sell all or a specified portion of its production to a single buyer.
    The factory entered into an output contract to supply all its manufactured goods to the retailer.

Forms

  • output contract
  • output contracts

Commentary

Output contracts are used in supply chain contexts to stabilize buyer-seller relations, often limiting the seller from selling to others during the contract term.


Outside Business Activity

/ˈaʊtsaɪd ˈbɪznəs ækˈtɪvɪti/

Definitions

  1. (n.) Engagement in business ventures or commercial activities outside one’s primary employment or official duties, often subject to disclosure and regulatory restrictions.
    Employees must report any outside business activity to avoid conflicts of interest.

Forms

  • outside business activity
  • outside business activities

Commentary

Typically used in compliance contexts to identify activities that might conflict with an individual's primary professional responsibilities, requiring disclosure or approval.


Outside Business Interest

/ˈaʊtsaɪd ˈbɪznəs ˈɪntrɪst/

Definitions

  1. (n.) A financial or non-financial interest held by an individual in a business entity outside their primary employment or fiduciary role, potentially creating a conflict of interest.
    The lawyer disclosed her outside business interest in a real estate development firm to comply with ethical rules.

Forms

  • outside business interest
  • outside business interests

Commentary

Use in compliance and ethics policies to require disclosures and prevent conflicts of interest.


Outside Business Relationship

Definitions

  1. (n.) A business relationship between a person affiliated with a regulated entity and an outside entity that might present a conflict of interest or require disclosure.
    Broker-dealers must disclose any outside business relationship to comply with regulatory requirements.

Forms

  • outside business relationship
  • outside business relationships

Commentary

Use the term precisely to denote relationships outside the primary business that may influence fiduciary duties or regulatory duties.


Outside Counsel

/ˈaʊtsaɪd ˈkaʊnsəl/

Definitions

  1. (n.) A lawyer or law firm retained by a client but not employed in-house, typically hired for specialized legal advice or litigation support.
    The company engaged outside counsel to handle the complex merger negotiations.

Forms

  • outside counsel

Commentary

Outside counsel often bring specialized expertise and an independent perspective, distinct from internal legal departments.


Outside Director

/ˈaʊtsaɪd dɪˌrɛktər/

Definitions

  1. (n.) A member of a company's board of directors who is not part of the company's executive management, providing independent oversight.
    The outside director raised concerns about the company's financial disclosures.

Forms

  • outside director
  • outside directors

Commentary

Outside directors are typically valued for their impartiality and independence from management, enhancing corporate accountability.


Outside Work

/ˈaʊtsaɪd wɜrk/

Definitions

  1. (n.) Employment or work performed outside the scope of one’s primary job or official duties, often relevant in conflicts of interest and ethics regulations.
    The employee disclosed his outside work to comply with the company's conflict of interest policy.

Forms

  • outside work

Commentary

Outside work is frequently regulated to prevent conflicts of interest; clear policies should define permissible activities.


Outsider

/ˈaʊtsaɪdɚ/

Definitions

  1. (n.) A person or entity not belonging to a particular group, organization, or jurisdiction, often relevant in contexts of legal rights, responsibilities, or standing.
    The outsider was not entitled to participate in the shareholders' meeting.
  2. (adj.) Relating to or characteristic of someone or something that is not within a particular group, organization, or jurisdiction.
    Outsider interests were considered in the regulatory decision.

Commentary

The term 'outsider' in legal contexts often pertains to issues of standing, jurisdiction, and the rights of nonparties; clarity is important to distinguish insiders from outsiders in legal documents.


Outsourc

/ˈaʊtsɔrs/

Definitions

  1. (v.) To contract out certain business functions or services to external third-party providers.
    The company decided to outsourc its customer support to improve efficiency.

Forms

  • outsources
  • outsourcing
  • outsourced

Commentary

The term 'outsourc' is a verb commonly used in contract law and business law involving delegation of tasks to external entities; ensure precise definition of scope in legal agreements.


Outsource

/ˈaʊtsɔːrs/

Definitions

  1. (v.) To contract out a business process or service to an external party.
    The company decided to outsource its customer support to reduce costs.

Forms

  • outsources
  • outsourced
  • outsourcing

Commentary

In contracts, precise scope and responsibilities must be delineated to avoid liability issues with outsourced services.


Outsourcing Agreement

/ˈaʊtsɔːrsɪŋ əˈɡriːmənt/

Definitions

  1. (n.) A contract whereby one party agrees to perform certain services or produce goods for another party, typically to reduce costs or focus on core activities.
    The company signed an outsourcing agreement to delegate its customer support operations to a specialized firm.

Forms

  • outsourcing agreements

Commentary

Typically involves transfer of operational tasks; important to clearly specify scope, performance standards, and confidentiality provisions.


Outsourcing Risk

/ˈaʊtsɔrsɪŋ rɪsk/

Definitions

  1. (n.) The potential legal, financial, and operational hazards arising from delegating business processes or services to third parties.
    The company conducted a thorough audit to assess its outsourcing risk before finalizing the vendor contract.

Forms

  • outsourcing risk
  • outsourcing risks

Commentary

When drafting outsourcing agreements, clearly allocating outsourcing risk between parties is essential to mitigate potential liabilities and ensure compliance.


Outstanding Balance

/ˈaʊtˌstændɪŋ ˈbæləns/

Definitions

  1. (n.) The amount of money still owed on a loan, invoice, or account that has not yet been paid.
    The accountant reviewed the outstanding balance on the client's credit card.

Forms

  • outstanding balance

Commentary

Typically used in financial and contractual contexts, 'outstanding balance' refers to unpaid amounts, important for determining obligations and defaults.


Outstanding Shares

/ˈaʊtˌstændɪŋ ʃɛərz/

Definitions

  1. (n.) The total number of a corporation's shares currently issued and held by all its shareholders, excluding treasury shares.
    The company's outstanding shares determine its market capitalization.

Forms

  • outstanding shares
  • outstanding share

Commentary

Outstanding shares affect voting power and dividend distribution; careful distinction from issued and treasury shares is important for clarity.

Glossary – OU Terms