Contract note
Trading & ordersThe legally binding record of a trade, issued by the broker the same day.
In plain terms
The app price is a convenience; this is the document. It itemises every charge and every individual fill.
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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Dabba trading
Regulation & taxIllegal off-market trading where an operator never routes orders to the exchange.
In plain terms
No contract note, no demat entry, no legal recourse if they refuse to pay.
Pay-in
Trading & ordersAlso called: Securities pay-in
The deadline by which securities or funds owed on a trade must reach the clearing corporation.
In plain terms
The moment an obligation stops being a number on a contract note. Shares not there by then are a shortage, whatever the holding statement shows.
Payment for order flow
Trading & ordersAlso called: PFOF
An arrangement found in some foreign markets under which a broker is paid to route client orders to a particular firm rather than to an exchange.
In plain terms
Not part of the Indian arrangement. Your order reaches the exchange order book, and the broker is paid by the brokerage shown on your contract note.