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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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ASBA

Market basics
Also called: Applications Supported by Blocked Amount

Applications Supported by Blocked Amount — the mechanism by which IPO application money is frozen in the applicant's own bank account instead of being transferred to the issuer.

In plain terms

You never send money anywhere. On allotment the block becomes a debit; without allotment it simply lifts, and all you gave up was the ability to spend that amount for a week.

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Indian stock market glossary · Market Vidyalaya