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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 2 terms

Coparcener

Regulation & tax

A member with a birthright share in HUF property.

In plain terms

Daughters have been coparceners on the same footing as sons since 2005, married or not.

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Partition

Regulation & tax

The formal division of HUF assets among coparceners, dissolving the entity.

In plain terms

Far easier to create an HUF than to unwind one — partition needs agreement from everyone.

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Indian stock market glossary · Market Vidyalaya