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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

Reducing balance

Market basics
Also called: Reducing balance interest

Interest computed each period on the principal still outstanding, so the interest component falls as the loan is repaid.

In plain terms

The only basis on which two loan quotes can be compared. A quote that does not say which basis it uses is not yet a quote.

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Indian stock market glossary · Market Vidyalaya