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 19 terms
Net interest margin — net interest income divided by average interest-earning assets.
Never read it without GNPA: a rising margin earned by lending to riskier borrowers is not skill. It is also not the same number as the lending spread, because the margin counts the assets funded by the lender’s own capital, which cost nothing.
The smallest payment that keeps a credit card account current.
The most misleading number on an Indian statement. Paying it starts interest on the whole balance and ends the grace period on new spending.
The requirement under the Securities Contracts (Regulation) Rules that a listed company keep at least 25% of its shares with the public, a shortfall being corrected within twelve months through routes SEBI specifies.
A seller acting on a legal deadline rather than a view on value, and the gap is a subtraction anyone can do from the quarterly shareholding pattern. Listed public sector companies have repeatedly been given extended timelines that no private issuer would get.
The minimum value per unit area notified by a state government for property transactions in a locality.
Stamp duty is charged on the higher of the documented price and this notified value, and the income tax provisions for immovable property key off the same figure — so in a weak local market duty and tax can be computed on a price nobody is actually paying.
An arrangement in which a finance company originates and services a loan while retaining an agreed minimum share of it, and a partner bank funds the rest from the outset.
Only the company’s own share is ever on its balance sheet, while the whole loan is generally counted in assets under management — which is one reason the two series grow at different rates.
Placing a trading member’s servers inside the exchange’s data centre to minimise the time taken to send and receive orders.
Why the book on your screen has already been acted on. It is a reason to use depth for execution decisions rather than for prediction.
The outright sale of a loan portfolio to a buyer — often a bank meeting its priority sector obligations — with the seller retaining a prescribed minimum share of every loan and continuing to service them.
Where the transfer qualifies, the loans leave the balance sheet and the future spread is recognised now. The borrower never notices: the same branch, the same collections, a different owner of the interest.
The pension component of the provident fund deduction, with its own service count and its own minimum years for a monthly pension.
Taking the withdrawal benefit at each job change resets the count. Five changes in thirty years can end with no pension entitlement at all.
A debt fund holding very short-maturity instruments, with minimal duration risk.
Suitable for an emergency fund. Since the 2023 tax change, roughly equivalent to a sweep-in deposit.
A minimum traded-value requirement excluding instruments too thin to trade at your size.
The first filter, and it removes most of the market without any judgement required.
The period after a public issue during which promoters may not transfer their shares under the SEBI ICDR Regulations — broadly eighteen months on the minimum promoter contribution and six months on holdings above it, with longer periods where the issue funds capital expenditure.
A shareholder who is not deciding whether to sell but is prevented from selling until a date the offer document names. The absence of selling before that date says nothing whatever about intention.
The risk that short-dated borrowing cannot be reissued when it matures, even though the borrower is solvent and the underlying assets are unimpaired.
Fifteen years of ninety-day paper is about sixty separate lending decisions. The exposure is to the worst of them rather than the average, and the cause of a bad week is often nothing to do with the borrower.
Transferring a pool of loans to a trust which issues pass-through certificates to investors, with the originator retaining a prescribed minimum slice and commonly providing some credit support behind it.
Because the retained slice and the support mean substantially all the risks and rewards have not gone, the loans frequently stay on the balance sheet and the money received is recorded as a borrowing.
The separate exchange segments for small and medium enterprises, with lighter vetting, far higher minimum lot sizes and much thinner post-listing liquidity than the main board.
SEBI has repeatedly flagged inflated subscription figures, circular funding of applications and post-listing manipulation here. Good companies do list; the base rate is not favourable.
Broadly a lender’s own money — paid-up equity and reserves, less prescribed deductions — which absorbs losses first and carries a separate minimum of its own beneath the overall capital requirement.
The tier that cannot be borrowed. Subordinated debt counts towards the second tier and buys growth capacity without diluting anybody, but it never gets you here.
The Bombay Stock Exchange's platform for small and medium enterprises, running under the same lighter regime as its NSE counterpart.
The ₹1 lakh minimum lot is not a mark of quality — it is a regulatory warning label, set high deliberately to keep out investors who cannot absorb the loss.
Interest charged on a revolving credit card balance, typically 3–4% a month.
The most expensive money most Indians ever borrow — 36–48% a year, and paying the minimum takes over eight years to clear.
The NSE's platform for small and medium enterprises, where a listing is vetted by the exchange rather than reviewed by SEBI directly.
An IPO in name and in reporting, under materially different rules. Analyst coverage is minimal, so promoter quality carries more weight here than anywhere else.
Pure life cover for a fixed period, with no maturity or investment value.
The only kind of life insurance worth buying: maximum cover, minimum premium, nothing bundled.