Amount of principal owed on a loan before any payments are made.
Origination fee
Fee charged by most lenders, which covers the direct costs of arranging the loan, and also referred to as points, which is one per cent of the total loan amount.
Origination process
The process by which a loan is funded, including the due diligence process financial structure and lender committee approvals.
Ornamental
A plant that is grown strictly for its foliage or flower rather than for food or any other economic use (i.e. saucer magnolia.).
Ornate
Heavily decorated or trimmed.
Orthogonal
Having right angles, such as a square.
Orthographic drawing
A type of drawing, used in elevations, where each side is shown projected at a right angle from the front.
Oscillate
To move back and forth or vary from one extreme to another.
Osmunda fiber
The roots of the fern Osmunda regalis, used for making Orchid Compost.
Ostensible
Alleged to be real or genuine. What appears to be.
