A B C D E F G H I J K L M N O P Q R S T U V W Z
Object Code

The term for "expense type" (or cost element or G/L account), in use before MIT use of SAP.

Occupational Safety and Health Administration (OSHA)

Created by the OSHA Act of 1970 to assure safe and healthful working conditions for working men and women by setting and enforcing standards and by providing training, outreach, education and assistance.

Off-Campus Salaries

Salaries for MIT employees working away from the Cambridge campus for a minimum period of time.

Office of Naval Research (ONR)

A research sponsor that conducts Contractors Purchasing System Review (CPSR) audits of MIT procurement practices every three years.

Office of Record

An office at MIT responsible for maintaining a specific type of source document such as a packing list.

Office of Sponsored Programs (OSP)

Office of Sponsored Programs (OSP) is now Research Administration Services (RAS). This new organization under the Office of the Vice President for Research (VPR) replaced OSP in September 2019.

OMB Circular A-21

See Uniform Guidance.

Issued by the U.S. Office of Management and Budget (OMB), this circular provided guidance and definition of allowable direct and indirect costs for reimbursements under federal grants and contracts. Replaced by Uniform Guidance in December 2014.

Option to Extend/Renew

A provision (or exercise of a provision) which allows a continuance of the contract for an additional time according to permissible contractual conditions.

News and Announcements

The VPF Financial Accounting and Reporting (FAR) team has updated the list of all 
June is traditionally a busy month for the Office of the Recording Secretary (RSO) and the
During this time of reduced campus operations, VPF teams continue to provide support and gu