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Glossary
Browse the A-Z below for some rail-specific terms that are used in this website, together with their meanings.
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OFT

The Office of Fair Trading

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OLE

Faults in the Overhead Line Electrification equipment, or third rail electrification system.

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Operator

Section 6(2) of the Railways Act 1993 defines “operator”, in relation to a railway asset, as:

“the person having the management of that railway asset for the time being”.

For instance, in the case of a train, this would normally be the person from whom the driver takes instructions (that is management instructions rather than signalling instructions).
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