(1). An acronym for “out of office” usually used when an individual is “working from home“.
“Hey everyone, I’m gonna be OOO for the next few days. If you need to get in touch with me, well, don’t actually.”
OOO
RANDOM LINGO
Backpedal
(1). To gradually change your opinion after receiving a negative response (see push back) from either your boss, your client or someone in Legal.
“Mike said we should price this account at fifty bips with no discounts, but now he’s backpedaling on that after the client threatened to call his golfing buddy the CEO.”
Put On Fee
(1). In finance, to invest newly-received client assets in products offered by the firm. The term is usually uttered by anxious stockbrokers (many of whom have already put down money on a pool or new car) when discussing, internally, clients who are reluctant to approve their investment recommendations.