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.

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 Budget and Financial Analysis (B&FA) team is hosting a training session on the
In early January, the Internal Revenue Service (IRS) released updat