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1586 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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Mobilisation advance

Accounting

An upfront payment by a client to let a contractor bring plant and people to site, recovered by deduction from later bills.

In plain terms

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.

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Indian stock market glossary · Market Vidyalaya