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 20 terms
The difference between the futures price and the spot price of the same underlying.
The reason a headline of “GIFT Nifty up 110 points” can describe a flat open. Before treating the gap between two prices as information, check they are the same instrument — the carry alone can be a hundred index points.
An exchange framework that applies tighter trading conditions to a security on the basis of its price and volume behaviour, in a short-term and a long-term form.
It reacts to how the share has traded, not to anything the company did. The bite is 100% upfront margin, which usually reaches you as a rejected order or a margin call before you have read the circular.
The document accompanying the financial statements in which the auditors set out their opinion, the basis for it, and the Key Audit Matters.
The one section of an annual report not written by the company. Read it before the chairman's letter, and note that a single word carries the verdict — unmodified.
The earliest year of a series that you are willing to defend as being on the same basis as the present, and from which every growth rate is measured.
Writing it down is what stops a series quietly growing backwards later, when a longer track record would be more flattering than a shorter one.
The financial-year statement a broker produces listing every sale, split into short-term and long-term with the cost basis already computed.
Your primary source at filing time and usually a two-click download. Reconcile it against the AIS before you submit anything.
A run of financial figures known to be measured on the same basis throughout, with any change of basis marked rather than averaged over.
The point of the work is not a perfect decade but an honest one. Seven clean years beat eleven contaminated ones, and averages are taken only inside a stretch.
The part of the business that survives a disposal, shown for both the current and the prior year so the two are on the same basis.
The company as it now exists. The report’s own growth rate uses this basis on both sides; anything you wrote down before the sale does not.
The exchange document defining a derivative contract — lot size, quotation unit, tick size, expiry, settlement basis, and for a deliverable commodity the grade and delivery centre.
For a commodity this is the nearest thing to reading an annual report. It tells you what would actually be delivered, where, and in what quantity, which is what the price is a price of.
First in, first out — the accepted basis for identifying which shares or units were sold when a holding was built up in tranches.
You do not get to nominate the expensive lot. Sell part of a position and the earliest purchases are treated as the ones sold, which sets both the cost and the holding period applied.
The agreed current value of a vehicle, which caps what the own-damage portion of a motor policy will pay and forms the basis of a total-loss settlement.
It falls every year as the vehicle depreciates, which is why the own-damage premium falls too — and why dropping that cover on an old car is a bounded, knowable decision.
An account held by two or more people, commonly on an “either or survivor” basis.
The lowest-friction arrangement for a couple — the survivor needs little more than a death certificate.
Prior-year figures shown on the current year’s basis, so that both periods describe the same reporting entity.
The reason a prior-year column in this year’s report can differ from the one the same company published last year. Wherever you see it, your saved series has a break at that point.
Financial statements in an offer document recast onto a single consistent accounting basis across the periods presented, and reported on by the auditors.
Built for comparability rather than for the original year’s reporting. It lets you set a rival’s margins and working capital beside a listed company on a like basis.
The window before expiry of a deliverable commodity contract during which positions can be matched for delivery, in some contracts on a staggered basis across several days.
In that window the price answers to warehouse stock and delivery logistics rather than to anybody’s view of the commodity, and the participants left in the book are not the ones a chart pattern was learned on.
The tendency for company-specific surprises to partly cancel out within an index, leaving it less volatile than its constituents.
It is why mean reversion has a genuine basis on an index and a shaky one on a single stock.
Interest computed on the original amount borrowed for the whole tenure, regardless of how much principal has already been repaid.
Rent on rooms you have already handed back. For a fully repaid term loan a flat rate is close to double itself once converted to a reducing basis — before fees.
A US dollar-settled futures contract on the Nifty 50, traded on NSE International Exchange at GIFT City, and formerly listed in Singapore as SGX Nifty.
The number every 8:30 am bulletin opens with. Compare it against its own level at 3:30 pm yesterday rather than against the Nifty cash close, and the basis cancels out — what remains is the genuine overnight change. It says nothing about any individual stock.
Securities received after the death of the holder and transmitted to a nominee or legal heir.
Take three to six months — there is rarely urgency and decisions made during grief are poor. The cost basis generally carries over, so a decades-old holding can carry a very large embedded gain.
A cap set by the exchange on the aggregate derivatives open interest permitted in a single stock, expressed as a number of shares.
It stops the derivatives tail growing large enough to wag the cash market. The basis on which it is computed has been revised, so read the current circular for the formula — what has not changed is that the names reaching the ceiling are overwhelmingly midcaps with concentrated promoter holdings and thin deliverable float.
Interest computed each period on the principal still outstanding, so the interest component falls as the loan is repaid.
The only basis on which two loan quotes can be compared. A quote that does not say which basis it uses is not yet a quote.