FinTech Glossary

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    Investing

    Cleantech

    25 April 2024

    Cleantech is a theory of investing used by investors who plan to benefit from environment-friendly companies.

    Foreign institutional investors (FIIs)

    25 April 2024

    Foreign Institutional Investors is an institutional, individual or group entity seeking to invest in the economy of a country other than where the entity is headquartered.

    VeChain

    25 April 2024

    VeChain is a blockchain platform with the goal of improving supply chain management and business processes.

    Cross

    25 April 2024

    A cross trade is a practice where a broker buys and sells the same stock at the same price for security are offset without recording the trade on the exchange.

    Recency Bias

    25 April 2024

    It is a psychological phenomenon where an individual gives greater importance to recent events as compared to what had happened before.

    Unsubscribed

    25 April 2024

    The word "unsubscribed" refers to securities that are newly issued and have not seen many subscriptions or interest from investors or have not been offered by brokerages prior to the issue date.

    Economy

    BPL,Below Poverty Line

    25 April 2024

    The full form of BPL is Below Poverty Line.

    Supranational

    25 April 2024

    A supranational entity is an international group or alliance in which member states' power and influence transcend national boundaries or interests to engage in decision-making and to vote on collective body matters.

    Knowledge Economy

    25 April 2024

    A system of consumption and production based on intellectual capital is the knowledge economy.

    perturbed,perturbation

    25 April 2024

    The term perturbation has different meanings with respect to the different fields that it is used in.

    Natural Monopoly

    25 April 2024

    A natural monopoly is a kind of monopoly that arises due to natural market forces.

    Demonetization

    25 April 2024

    Remember the year 2016, when it was announced overnight that the currency notes of the face value 500 rupees and 1000 rupees will no longer be functional? This left the citizens of India frenzied and confused, not to mention the long queues that were formed at the banks to get the currency changed.

    Personal Finance

    National Pension Scheme (NPS)

    25 April 2024

    The National Pension Scheme (NPS) is a government-sponsored voluntary retirement plan for Indian citizens.

    Voluntary Conveyance

    24 April 2024

    Voluntary transfer refers to an elective transfer of title from one person to another without proper consideration.

    Batch Credit Card Processing

    25 April 2024

    Batch processing refers to processing all the credit card transactions once—after closing the business for the day or as specified by the credit card processing company.

    Scheduled bank

    25 April 2024

    The banks in the Indian banking system are sub categorized as Scheduled Banks, Non-Schedule Banks, Private Banks and Public Banks.

    Finality Of Payment

    25 April 2024

    The finality of payment refers to the moment when a payment to another party is completed.

    EPF Withdrawal

    25 April 2024

    The Employee Provident Fund (EPF) can be withdrawn either partially or completely.

    Taxation

    Free Trade

    25 April 2024

    Free trade is a trade policy that reduces or eliminates restrictions on imports and exports.

    Cascading Effect

    25 April 2024

    One of the primary goals of a taxation system involves stopping the "taxation over taxes" or "cascading-effect" of incident taxes.

    Tax Indexing

    25 April 2024

    Tax indexing refers to the method of adjusting tax rates for incremental tax outgo due to an increase in inflation.

    Tax Base

    25 April 2024

    The government cannot collect taxes from every citizen of the state or country.

    Domicile

    25 April 2024

    The place where one maintains their permanent home is known as their domicile.

    Exemption

    25 April 2024

    Exemption implies being not liable to do something, given as a relief.

    Business

    Non-Executive Director

    25 April 2024

    Non-executive director means a person who is not an executive director and not interested in the company's day-to-day operations.

    Workflow

    25 April 2024

    Workflow is a series of tasks or the process, which must be carried out to achieve a target result.

    Patent

    25 April 2024

    A patent is a form of intellectual property that grants its proprietor the legal right to exclude others from making, importing, using, and selling an invention for a limited period, in return for publishing an invention for the public disclosure.

    Bucket

    25 April 2024

    A bucket is a casual term used in business and finance to describe the grouping of related assets into several different categories.

    Crowdsourcing

    25 April 2024

    Crowdsourcing is a procurement process in which individuals or organizations acquire products and services from abroad, relatively accessible and often rapidly changing community of internet users, including ideas and finances.

    Parity

    25 April 2024

    Parity refers to the condition where two items (or more) are equal.

    Financial Advisor

    Investment Advisory Representative (IAR)

    25 April 2024

    An investment advisory representative or IAR is one who gets a license to provide investment advice.

    Investment Advisor

    25 April 2024

    Investment advisors are referred to as stockbrokers.

    Optimized Portfolio As Listed Securities (OPALS)

    25 April 2024

    It is a single-country stock index with fewer holdings than the benchmarked index.

    Granular Portfolio

    25 April 2024

    An extensive and well-diversified portfolio with investments in a wide range of sectors is known as a granular portfolio.

    Advisor Fee

    25 April 2024

    An advisor fee is an amount paid as consulting charges for advisory services in matters connected with financial services, money management, and other investment advisory services.

    Alpha Generator

    25 April 2024

    An alpha generator refers to any security that generates excess returns or returns higher than a pre-selected benchmark with no additional risk when added to an existing portfolio of assets.

    Trading

    Performance-Based Index

    25 April 2024

    A performance-based index is a stock index which adds to the net stock price the amount of all the dividend payments, capital gains, and other cash disbursements.

    Zacks Lifecycle Indexes

    22 April 2024

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

    Blotter

    25 April 2024

    The blotter is a trade record and details of trades performed over some time (usually one trading day).

    Managed Account

    25 April 2024

    It is an investment account owned by a single investor—an institutional investor, an individual investor, or a retail investor.

    Spot Rate

    25 April 2024

    A spot rate is the quoted price for instant settlement on currency, security, or a commodity.

    Trading Plan

    25 April 2024

    A trading strategy is a structured method of identifying and trading securities that take into account a variety of variables, including time, risk, and goals of the investor.

    Corporate Finance And Accounting

    Altman Z-Score

    25 April 2024

    Altman Z-Score is the measure of creditworthiness of a company, irrespective of it being privately or publicly held.

    Cost Of Equity

    25 April 2024

    The cost of equity is defined as the returns that a firm has to decide when the capital return requirements are met by an investment.

    Forfeiture

    25 April 2024

    Forfeiture refers to a loss of any property, money, or assets without consideration or compensation in return.

    Cash Book

    25 April 2024

    A cash book is a financial newspaper which includes all cash receipts and disbursements, including bank deposits and withdrawals.

    simple linear regression

    24 April 2024

    It offers the relationship between two variables, namely the dependent and the independent variable.

    Advance Payment

    25 April 2024

    Advance payment is a kind of payment made in advance of its normal schedule, such as payment for a good or service before you actually receive it.

    Savings/Wealth Management

    Sublease

    25 April 2024

    A sublease is a process of renting out a property to a third party by a tenant for a time period of the lease contract of the existing tenant.

    Senior Citizens Saving Scheme (SCSS)

    25 April 2024

    The Senior Citizens Savings Scheme (SCSS) was implemented with the main objective of providing daily income for senior citizens in the country after they hit the age of 60 years.

    Half-Life

    25 April 2024

    Half-life is a terminology used to represent a future date when half of the overall principle of mortgage-backed security (MBS) or any other kind of bond or debt will be getting paid.

    Aggregator

    25 April 2024

    An aggregator is an organisation that buys mortgages from financial institutions and then securitises them into mortgage-backed securities (MBS).

    Real Property

    25 April 2024

    Real property refers to land and any property which is directly attached to it, including any subset of land which has been changed by legitimate human acts.

    Savings Rate

    25 April 2024

    The savings rate is a measure of the amount of money which an individual deducts from his/her disposable personal income to keep aside as a nest egg or for retirement, expressed as a percentage or ratio.

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