FinTech Glossary

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    Investing

    deep web

    20 April 2024

    The deep web refers to parts of the Internet that are not accessible through search engines like Google.

    Overhang

    20 April 2024

    Overhang refers to potential dilution in the value of equity investments due to stock options pending conversion to equity shares.

    Net Worth

    20 April 2024

    Net worth is nothing but the difference between assets and liabilities of a business.

    Green Tech

    20 April 2024

    Greentech refers to environment-friendly technology and is short for green technology.

    India VIX

    20 April 2024

    If you are a relatively new market investor and are still getting familiar with the various terms that you come across in the marketing world then you most definitely would have come across the term India VIX.

    Market Index

    20 April 2024

    Market indices are a theoretical portfolio of investment holdings that portrays a sector of the stock market.

    Economy

    Current Transfers

    20 April 2024

    Current transfers are current account transactions in which a resident entity in one country offers economic value to a non-resident entity, such as real property or financial product, without obtaining something in return of the same economic value.

    Amendment

    20 April 2024

    Amendment refers to alteration or addition to any contract, agreement, laws, and regulations.

    Unemployment Rate

    20 April 2024

    The unemployment rate is the proportion of the jobless population, expressed as a percentage.

    Consumerism

    20 April 2024

    Consumerism is a concept which says that enhanced consumption of services and goods in the market is always welcomed.

    Expropriation

    20 April 2024

    Expropriation is taking over of private property or assets by the government for compensation only when it is for a public purpose.

    finance bill

    20 April 2024

    Finance Bill refers to the bill that is strongly representative of the country’s finances, about what is paid in amount and what is received.

    Personal Finance

    Merchant Discount Rate

    20 April 2024

    A merchant discount rate is the rate levied on debit and credit card transactions to a merchant for the payment processing services.

    Pradhan Mantri Awas Yojana (PMAY)

    20 April 2024

    Narendra Modi, the Prime Minister of India, launched the Pradhan Mantri Awas Yojana (PMAY), on 1 June 2015.

    Unauthorised Insurer

    19 April 2024

    An unauthorised insurer is a fraudulent operator of an organisation which pretends to be an authorised provider of insurance plans when it is actually not recognised by the authorities.

    Reinsurance Credit

    20 April 2024

    Reinsurance credit refers to the accounting entry made when an insurance company cedes premiums to reinsurers and recovers losses from reinsurers.

    Deceased Alert

    20 April 2024

    Deceased alerts are notifications sent to credit card companies that will inform them that a person is no more.

    Sum Assured

    20 April 2024

    Sum Assured is a financial safety, insurance term that refers to the amount given by an entity, insurance company in this case, to the policy holder or their family when the event against which the policy was taken occurs.

    Taxation

    Tax Deductible Interest

    20 April 2024

    Income tax laws in India has a host of provisions that provide deductions from your total income, thereby reducing your tax liability.

    Tax Accounting

    20 April 2024

    Tax accounting dictates the specific set of rules that income tax assessees such as businesses and individuals should follow when preparing their tax returns.

    Horizontal Equity

    20 April 2024

    Horizontal equity is a principle of equity in taxation.

    Effective Tax Rate

    20 April 2024

    The term effective tax rate is used in the context of direct taxes or income tax.

    Cess on Income Tax

    20 April 2024

    Cess is a form of tax and an additional levy by the Central Government to raise funds for a specific purpose.

    Tax-Exempt Interest

    20 April 2024

    Tax-exempt interest refers to the interest income that is not subject to Indian income tax in the first instance.

    Business

    Industrial Revolution

    20 April 2024

    During the late 1700s and early 1800s, the industrial revolution was a period of major industrialization and innovation.

    Wordpress (CMS)

    20 April 2024

    Basically, a content management system (CMS) is a software that enables individuals to create, edit, organise, and publish content to the Internet.

    Layoff

    20 April 2024

    A layoff defines an employer's act of either temporarily or permanently dismissing or firing a worker for reasons other than the actual performance of an employee.

    Power Broker

    20 April 2024

    A power broker refers to an individual who can influence other parties' decisions.

    Market Research

    16 April 2024

    Market research is the method of evaluating a new business or product's feasibility through research that is performed directly with potential clients.

    Market Segmentation

    20 April 2024

    Market segmentation refers to dividing the market into different segments based on the common characteristics displayed by a group.

    Financial Advisor

    Customer's Loan Consent

    20 April 2024

    A customer's loan consent is a contract which is executed between a brokerage customer and broker cum dealer, which permits the latter to lend securities and assets in the margin account held by the customer.

    Securities Contracts

    20 April 2024

    The Securities Contracts (Regulation) Act, was enacted in the year 1956.

    Personal Financial Advisor

    20 April 2024

    A personal financial advisor is a person who provides clients with financial advice and services according to their particular needs.

    Cross-Sell

    20 April 2024

    Cross-selling means offering goods similar to or equivalent to an established consumer.

    Advisory Management

    19 April 2024

    Advisory management refers to the activity of providing investment advice or financial advice.

    ​Contract Note

    20 April 2024

    Contract notes are among the most relevant legal documents available to investors on the stock market.

    Trading

    Short-Term Investment Fund (STIF)

    20 April 2024

    A short-term investment fund or STIF is a low risk and high-quality short-term money market instrument.

    Retrocession

    20 April 2024

    Retrocessions points to the trailer, kickback, or finders fees that are to be paid by the portfolio managers to the distributors or advisers.

    Fibonacci Retracement

    20 April 2024

    The Fibonacci series is a sequence of numbers starting from zero arranged so that the value of any number in the series is the sum of the previous two numbers.

    forex

    20 April 2024

    Foreign exchange, very simply put, is the exchange or trade of one currency with another.

    Stop Loss

    20 April 2024

    Stop loss order which is also known as stop order or stop market order is an order which is placed in advance to buy or sell a security when it reaches a certain price point.

    Zacks Lifecycle Indexes

    18 April 2024

    Zacks lifecycle indexes are a slurry of indices that are empanelled by the Zacks Investment Research, Inc.

    Corporate Finance And Accounting

    Net Sales

    20 April 2024

    Net sales refer to the sum of the gross sales of a business minus their returns, allowances, and discounts.

    Average cost

    20 April 2024

    It is the per unit cost of production obtained by dividing the total cost (TC) by the total output (Q) or mathematically expressed, AC = TC/Q.

    Marketable Securities

    20 April 2024

    Marketable securities are highly-liquid financial tools that can be sold or converted into cash within a year of investment.

    Survival Analysis

    20 April 2024

    Survival analysis is also referred to as the time-to-event analysis.

    Current Liabilities

    20 April 2024

    Current liabilities refer to payables or financial obligations due in the short-term, which is within a period of one year.

    Journal

    20 April 2024

    A journal is a comprehensive account which will record all monetary transactions of an organisation, which is going to be used later for reconciliation purpose and transfer to official records like the general ledger.

    Savings/Wealth Management

    Delinquent

    20 April 2024

    In financial terms, an individual, firm or any other institution is said to be delinquent when they are unable to pay their debts within the agreed time.

    Commercial Property

    20 April 2024

    Commercial property refers to immovable property used for industry.

    Occupancy Rate

    20 April 2024

    The occupancy rate is the ratio of used or rented space to the total amount of available space.

    Easement

    20 April 2024

    An easement, or easement arrangement, is a term describing a situation in which one party uses another party's property, where a fee is charged to the property's owner in exchange for the easement rights.

    Burnout

    20 April 2024

    Burnout defines a period during which mortgage-backed securities' (MBS) prepayment rates drop despite dropping interest rates.

    Automatic Savings Plan

    20 April 2024

    An automatic savings plan is a form of a personal saving scheme in which the donor to the plan automatically deposits a fixed sum of funds into his account at prescribed intervals.

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