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 11 terms
Restricted Stock Unit — a grant of the employer's shares themselves, delivered once vesting conditions are met, with nothing to pay.
Unlike an ESOP it cannot become worthless, only worth less. The real problem is correlation: your salary and a large slice of your savings then depend on the same company.
The distinction between a genuine effect and random variation around it.
A profitable year is mostly noise. Attribute it to the market and the style before crediting skill.
Comparing the volume traded against the price movement it produced.
Huge volume and a tiny range means enormous effort achieved nothing — that is the signal.
An IPO receiving applications for more shares than are on offer, reported as a multiple of the issue size.
Read it by category, never by the headline. QIB demand is the informative number, and a large multiple on a small issue is easy to generate while saying almost nothing about the business.
Distinguishing the quality of a decision from the quality of its result.
A good decision can lose and a terrible one can win. Judging yourself by results in a noisy system teaches you the wrong lessons.
A third party engaged by a lender to pursue collection, whose conduct remains the responsibility of the lender that engaged it.
Arguing with the agent achieves nothing. The complaint lies against the regulated lender, which cannot answer it by disclaiming the agency it appointed.
Being persuaded to install remote-access software so a fraudster can operate your account.
No legitimate broker or bank will ever ask for this. There are no exceptions.
How much of a price series is meaningful versus random.
It improves as you slow down. Most retail traders operate where it is worst.
The fixed price at which an employee stock option may be converted into shares, set when the grant is made.
It is what separates an ESOP from an RSU. With an exercise price of ₹400 and the share at ₹250 the option is worth nothing at all, whereas an RSU is a share.
The degree to which a company’s profit changes for a given change in revenue, set by its ratio of fixed to variable costs.
The cinema versus the caterer. High fixed costs mean a 10% sales rise can be a 40% profit rise — and a 10% fall can be a warning.
A loan the lender has removed from its own books as unrecoverable — an accounting decision, not a release of the borrower.
The debt survives it, the lender may still pursue it, and such portfolios are routinely sold on. Which is why a demand arrives years later from a firm you have never dealt with.