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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.

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Same right and capacity

Regulation & tax

The test that decides which of your deposits at one bank are added together for deposit insurance.

In plain terms

Money held as an individual, as guardian of a minor, as a partner of a firm or as a trustee sits in different capacities, and each gets its own limit. Four accounts in the same capacity are one pool with one limit.

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Indian stock market glossary · Market Vidyalaya