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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.

Showing 1 term

Balance transfer

Market basics

Moving an existing loan to another lender, which sanctions a fresh loan equal to the outstanding balance and pays off the old one directly.

In plain terms

A new loan on a new tenure, not a change of address. The rate is advertised and the tenure is not, and the tenure is usually where the money goes.

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Indian stock market glossary · Market Vidyalaya