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 27 terms
Exchange data splitting the day’s turnover across foreign institutions, domestic institutions, proprietary desks and clients.
The client bucket holds everyone who is not an institution or a proprietary desk, so it is not a measurement of retail.
A broker’s dealer desk, which places and cancels orders on a client’s spoken instruction.
The fastest route on the day it answers and the slowest when a thousand other clients have had the same idea at the same moment. Store the number offline, because looking it up needs the website that is currently down.
A right to consideration that is conditional on something other than the passage of time — typically a milestone or a client certification.
Not a receivable, and that is the whole distinction. A receivable needs only payment; a contract asset needs somebody else’s signature first.
A contract under which the contractor recovers allowable cost plus a fee or margin, so the client bears input cost movements.
A low but stable margin. The risk moves out of prices and into the definition of what counts as an allowable cost.
The number of shares that actually move between demat accounts at settlement, after same-day client-level netting.
The absolute figure behind delivery percentage. Read it against its own recent average, because the percentage moves whenever turnover moves.
Any charge, lien or pledge over shares that restricts the holder's free disposal of them.
The word SEBI uses in the disclosure. Pledges are the common case; the category is broader.
Dedicated connections to the trading system, provided by the exchange, through which a broker whose own platform has failed can still square off clients’ positions.
Provided by the exchange, operated by the broker — which is the whole point, because on the day it happens the route still runs through reaching your dealer desk. Risk reduction only: nothing new is opened through them.
A claim to move a contractual deadline on the ground that the delay was caused by the client.
It matters even with no money attached, because without it the contractor carries liquidated damages for a delay it did not cause.
An adviser paid solely by the client, receiving no commission from products.
The only structure where the adviser has no reason to prefer one fund over another.
Trading ahead of a client order or a large order you know is coming.
The size of your own trade is irrelevant to whether it is prohibited.
The machinery — settlement guarantee, client-money segregation, ombudsman, compensation funds — that decides what happens when an intermediary fails.
Regulation does not promise returns. It promises that specific people had duties to you and that there is somewhere to go when they are not met.
An upfront payment by a client to let a contractor bring plant and people to site, recovered by deduction from later bills.
Usually secured by a bank guarantee, and it sits as a liability rather than as debt. A contractor that has just mobilised looks cash-rich; the same contractor in year three does not.
Offsetting a client’s buys and sells in the same security on the same day, so that only the net position goes to settlement.
Why most of a busy day’s turnover leaves no trace anywhere. Buy and sell the same shares before the close and nothing is delivered.
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.
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.
A requirement, in force since September 2021, that brokers collect margin upfront in full, verified against randomly timed intraday snapshots of the client’s position rather than the end-of-day figure.
The rule that quietly ended the intraday leverage Indian brokers once advertised. Being flat by the close no longer helps if the position was larger when a snapshot was taken, and the shortfall attracts a penalty.
A brokerage trading its own capital rather than client money, mostly intraday and in derivatives.
Plumbing, not a signal. These desks have no directional view worth copying, and the market would work far worse without them.
Cash and bank balances a company cannot use freely — margin money and lien-marked deposits held against guarantees and letters of credit, escrow balances, and amounts earmarked under a statute or a contract.
Broken out in the cash and bank note. Netting it against borrowings, as most screeners do, quietly overstates the company’s position by the whole of it.
A share of every certified bill withheld by the client until the project is complete and the defect liability period has expired.
Money the client agrees it owes and is entitled to hold, sometimes for years. Often classified as non-current, which is the clue that it is not a collection problem.
The requirement that a broker return client funds not supporting any position, on dates published in advance, monthly or quarterly by the client’s choice.
The large unexplained debit that turns out to be your own money going back to your bank. Idle cash with a broker is the one balance a broker failure can reach.
The requirement that brokers keep client money and securities separate from their own.
Failures have historically involved breaching exactly this. It is why idle cash is the exposed asset.
An order in the backlog on which no work is progressing, typically because the client has not provided land, clearances, funding or site access.
Real work on a date nobody controls. It cannot be removed from the book because the contract exists, and a company that discloses the figure is telling you something about itself as well as about the book.
A broking firm admitted to membership of an exchange, through which clients’ orders reach the order book.
Your broker, in the exchange’s language. Exchange-level charges and obligations — such as order-to-trade penalties — apply to the member rather than to you directly.
A claim for work carried out outside the original scope on the client’s instruction.
The dispute is rarely about whether the work was done. It is about whether it was properly instructed, at what rate, and by somebody with authority to instruct it.
The period after completion during which a contractor remains responsible for rectifying defects, commonly one to two years.
Retention money is released when it expires and the handover is certified. Where the client is a department and the officer has moved on, the money is due and the certificate does not exist.
The first research report a firm publishes on a company.
Usually arrives after a stock has already run, because coverage follows liquidity and client interest rather than opportunity.
The arrangement, in force since September 2020, under which shares offered as collateral stay in the investor’s own demat account and are pledged in favour of the broker rather than transferred to it.
Brought in after brokers were found misusing client securities, so the protection is real. The cost is that releasing the pledge before a sale is now your operational problem — an unreleased pledge is a short delivery even though the shares are visibly in your account.
Contract consideration whose amount is uncertain — claims, bonuses, penalties, incentives.
It enters revenue only to the extent that a significant later reversal is highly improbable. Which is why a large and genuine claim against a government client can be entirely absent from the profit line.