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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.

Showing 1 term

Partly paid shares

Market basics

Shares on which only part of the issue price has been paid, the balance being payable on later calls; they trade as a separate listed line under their own symbol and ISIN until fully paid.

In plain terms

The price looks like a discount to the ordinary share and is not one — the gap is the money you still owe. Once the calls are met the line converts into the fully paid share.

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Indian stock market glossary · Market Vidyalaya