Anything that's ok is all right or fine. A perfectly ok answer when your dad asks how your homework is going is "Ok."
If something's ok, it's not terrible, but it's not wonderful either — it's simply ok. You can use this informal word to ask if something's acceptable: "Hey, is it ok if I borrow your car?" It's also a good way to check up on someone's well-being: "You look sad today; are you ok?" Ok is the only known example that's still in use of a 19th century slang trend of abbreviating deliberate misspellings. Ok comes from "oll korrect."