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 4 terms
A recurring automated debit from a bank account — an EMI, a SIP, an insurance premium or a utility mandate.
The point of automating them was to stop thinking about them, which is why they all fail together on their scheduled dates when an account freezes. Knowing which run from which account is a twenty-minute exercise you cannot do in a hurry.
A standing instruction letting a fund house debit your bank account.
Set it just after salary credit so the money leaves before it can be spent.
Good Till Triggered — a standing instruction held at the broker for up to a year.
How someone with a job says "buy this if it ever falls to ₹2,900" without watching a screen.
A period during which a bank’s obligations are suspended or capped while the authorities work out a resolution.
Your salary still arrives and you still cannot spend it. What breaks first is not the deposit but every standing instruction pointing at that account.