Glossary If this doesn't clear things up, just come in. We'll explain everything you need to know. A B C D E F G H I J K L M N O P Q R S T U V W Click the first letter of the term you're searching for to get an easy-to-understand explanation. Option - A contract conveying the right to buy (call) or sell (put) specific securities, commodities, or stocks at a predetermined price Ordinary Expense - An expense that is common and accepted in a field of trade, business, or profession. Owner of Record - The person whose name is listed as owner in official documents.