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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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Discount bid

Market basics

The reduction from the chit value that a subscriber accepts in order to take the pot in the current month.

In plain terms

It is the price of moving to the front of the queue, and after the foreman takes commission it is shared among everyone still waiting — which is where their return comes from.

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Indian stock market glossary · Market Vidyalaya