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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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Balancing figure

Accounting
Also called: Balancing quarter

A period’s figures arrived at by subtraction rather than by direct measurement — typically the March quarter, being the audited full year minus the reviewed nine months.

In plain terms

Every year-end audit adjustment lands in it, whichever quarter it actually belonged to. That is why the fourth quarter is lumpier than the three before it.

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Indian stock market glossary · Market Vidyalaya