OAS
Abbreviation with 3 meanings
| Stands for | Old Age Security |
|---|---|
| Meanings | 3 |
| Categories | Government & Politics, Organizations & Companies, Business & Finance |
OAS has three meanings. The most common are Old Age Security (world government) and Organization of American States (international organization); it can also stand for Option-adjusted spread.
Meanings of OAS at a glance
| # | OAS stands for | Context |
|---|---|---|
| 1 | Old Age Security | Government & Politics › World Government |
| 2 | Organization of American States | Organizations & Companies › International Organization |
| 3 | Option-adjusted spread | Business & Finance › Bond & Fixed-Income |
1. Old Age Security
Government & Politics · World Government Abbreviations
Canadian monthly pension paid to most people aged 65 and older based on years of residence in Canada, regardless of work history. It is funded from general tax revenues, and higher-income recipients repay part of it through a recovery tax.
Example: Her OAS payment is deposited on the third-to-last business day of each month.
OAS began in 1952. A full pension requires 40 years of residence after age 18, and low-income seniors can also receive the Guaranteed Income Supplement. Payments are indexed to inflation quarterly. In international affairs, OAS means the Organization of American States.
2. Organization of American States
Organizations & Companies · International Organization Abbreviations
Regional organization of independent states of the Americas that promotes democracy, human rights, security and development.
Example: The OAS electoral mission reported irregularities in the vote count.
Its charter was signed in Bogotá in 1948. The Inter-American Commission on Human Rights is one of its key bodies. Cuba's participation was suspended in 1962, and the suspension was lifted in 2009, though Cuba has not returned; Nicaragua withdrew in 2023. In Spanish and French it is the OEA. In Canada, OAS also means Old Age Security.
3. Option-adjusted spread
Business & Finance · Bond & Fixed-Income Abbreviations
Yield spread of a bond over a benchmark curve, usually Treasuries, after removing the value of embedded options such as call features or mortgage prepayment rights. It lets bonds with and without options be compared on a like-for-like basis.
Example: Agency MBS look cheap, with an OAS of 60 basis points over Treasuries.
OAS is calculated with interest-rate models that simulate many possible rate paths. Index providers report OAS for corporate bond indices as the standard measure of credit spreads. For a bond with no embedded options, OAS is close to the ordinary zero-volatility spread (Z-spread).
Related abbreviations
More world government abbreviations
- NDIS – National Disability Insurance Scheme
- NDP – New Democratic Party
- NKVD – People's Commissariat for Internal Affairs
- NPC – National People's Congress
- PA – Palestinian Authority
- PAN – National Action Party
- PBS – Pharmaceutical Benefits Scheme
- PLO – Palestine Liberation Organization
See all 103 world government abbreviations →
More international organization abbreviations
- MERCOSUR – Southern Common Market
- NAFTA – North American Free Trade Agreement
- NAM – Non-Aligned Movement
- NATO – North Atlantic Treaty Organization
- OAU – Organisation of African Unity
- OCHA – United Nations Office for the Coordination of Humanitarian Affairs
- OECD – Organisation for Economic Co-operation and Development
- OHCHR – Office of the United Nations High Commissioner for Human Rights