Glossary O

Glossary

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Option-adjusted spread
Measures the yield spread between similar securities (typically bonds) with different options, such as prepayment or call options, which are very interest rate sensitive.

Organisation for Economic Co-operation and Development (OECD)
is an international economic organization of 34 countries founded to promote policies that will improve the economic and social well-being of people around the world.

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An investment in Northern Funds is not insured by the FDIC, and is not a deposit or obligation of, or guaranteed by The Northern Trust Company or any affiliate. An investment in Northern Funds involves risks, including possible loss of principal.

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