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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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Delayed payment charges

Trading & orders
Also called: Interest on debit balance, DPC

Interest a broker levies daily on a debit balance in the trading account, at a rate published in its tariff sheet.

In plain terms

A dormant account with a small debit quietly compounds it. Exchange margin penalties are separate and passed through in full.

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Indian stock market glossary · Market Vidyalaya