FinTech Glossary

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    Investing

    LIBOR (London Interbank Offer Rate)

    29 April 2024

    LIBOR stands for London Interbank Offer Rate.

    Price to Free Cash Flow

    29 April 2024

    The price to free cash flow is a metric used to evaluate and compare a firm’s market price of a single share with its per-share price of free cash flow (FCF).

    Stuffing

    28 April 2024

    Stuffing in stocks relates to brokers/dealers selling their undesirable securities to clients.

    Index ETF

    29 April 2024

    Index exchange-traded funds (ETFs) look at replicating and tracking a benchmark index.

    Bull

    28 April 2024

    An investor who thinks the stock market, a specific security or a particular industry, will rise is called a Bull investor.

    Asset Management

    28 April 2024

    The asset manager refers to an individual who takes care of investment management.

    Economy

    Expansionary Fiscal Policy

    29 April 2024

    Expansionary fiscal policy is when the government increases the money supply in the economy using budgetary instruments to either raise spending or cut taxes—both having more money to invest for customers and companies.

    Brain Drain

    28 April 2024

    Brain drain is a term which indicates a significant movement (emigration) of knowledgeable individuals from a country or an organisation.

    macroeconomics

    29 April 2024

    Macroeconomics is a branch of economics that studies how the overall economy functions and economy wide phenomena such as inflation, Gross Domestic Product, unemployment, national income etc.

    Judgment

    28 April 2024

    The judgement is an order from the court regarding a lawsuit, declaring the loser, who is supposed to pay the winner a sum specified by the court.

    Random Variable

    29 April 2024

    Random variable refers to a variable whose value is not known or a function which obtains its values from the outcome of a random experiment.

    indifference curve

    29 April 2024

    An indifference curve is a graphical representation of a combination of two goods that offers the consumer equal satisfaction on consumption, thereby making the consumer indifferent.

    Personal Finance

    Internal Revenue Service (IRS)

    29 April 2024

    Internal Revenue Service or IRS is a United States Government agency which is responsible for collection of taxes and enforcement of tax laws like the wash sale rule.

    Electronic Money

    29 April 2024

    Electronic money is referred to as the form of currency that is electronically stored in devices, such as the banking computer systems.

    Kiosk Banking

    29 April 2024

    Kiosk banking is an initiative by the Reserve Bank of India (RBI) to foster financial inclusion and security in rural and remote areas of the country where access to all banking facilities is limited, mostly due to the lack of a bank branch in the area.

    Injury-In-Fact Trigger

    29 April 2024

    The injury-in-fact trigger is a theory for the trigger of insurance coverage that states that coverage of an insurance policy is to be activated when an injury or damage actually occurs to the policyholder.

    Deposit Slip

    29 April 2024

    A deposit slip is a small physical form that a bank customer includes when depositing money into a bank account.

    Right of Redemption

    28 April 2024

    It is the legal right of a borrower or mortgagor who owns the immovable property to reclaim his or her property once certain conditions have been fulfilled.

    Taxation

    Active Income

    29 April 2024

    Active income refers to income from the rendering of some service for fixed income, such as wages, including bonuses, tips, and commissions.

    Nonprofit Organization (NPO)

    29 April 2024

    Generally, organizations do business to earn profits.

    Phase Out

    28 April 2024

    The term 'phase out' is used widely in taxation domain.

    Gift Tax

    29 April 2024

    In India, income tax is charged on gift transactions.

    Tariff

    29 April 2024

    A tariff is a sovereign-state import or export tax.

    Tax-Exempt Interest

    29 April 2024

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

    Business

    ISO 9000

    28 April 2024

    ISO 9000 refers to international standards developed by the International Organisation for Standardisation (ISO) for quality management and quality assurance.

    PDCA Cycle

    29 April 2024

    A four-step cyclic problem-solving technique known as the Plan-Do-Check-Act (PDCA) cycle is used to improve business processes.

    Free On Board, fob meaning

    29 April 2024

    Free on board (FOB) is a financial and contractual term which is used to indicate if the buyer and seller is responsible for the goods that are damaged or destroyed during shipping.

    Operational Risk

    28 April 2024

    Operational risk is defined as the uncertainties that an organisation is expected to face during its day to day business operations in a particular sector or industry.

    Incorporation

    29 April 2024

    Incorporation is the legal method used to create a business or organisation.

    Capital Expenditure - CAPEX

    29 April 2024

    Capital expenditure refers to the funds used by a company to upgrade and maintain fixed assets as well as the money expended on undertaking new projects and investments.

    Financial Advisor

    Customer's Loan Consent

    29 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.

    Human-Life Approach

    29 April 2024

    The human-life method refers to a method of calculating the necessary insurance protection for loss of life.

    Investment Advisory Representative (IAR)

    29 April 2024

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

    Institute of Chartered Financial Analysts of India

    29 April 2024

    The Indian Institute of Chartered Financial Analysts (ICFAI) is a not-for-profit organisation registered under the Public Societies Registration Act of Andhra Pradesh (Telangana Area), 1350 Fasli (Act I of 1350 F).

    Professional Risk Manager (PRM)

    28 April 2024

    It is a title issued by the Professional Risk Managers' International Association.

    Investment Advice

    28 April 2024

    Investment advice refers to suggestions or recommendations to any prospective investor who seeks to put money into any financial product or instrument.

    Trading

    Trading Plan

    28 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.

    Quotation

    29 April 2024

    Quotations refer to stock, share, bond, or any other commodity sold at the latest selling price.

    Price Channel

    29 April 2024

    The price channel occurs when the price of a security is bound by two parallel lines.

    Value-Added Monthly Index (VAMI)

    28 April 2024

    A Value-Added Monthly Index (VAMI) tracks, assuming reinvestment, the monthly output of a hypothetical $1,000 investment over a period of time.

    Bear Position

    29 April 2024

    The bear position is a term that represents a short position applied to a financial guarantee.

    Cash And Carry

    29 April 2024

    Cash and Carry trade is an arbitrage strategy that benefits the traders from the mispricing of the underlying asset and its future derivative.

    Corporate Finance And Accounting

    Petty Cash

    29 April 2024

    Petty cash is a nominal sum which is preserved in hand to cover minor expenses, such as reimbursements or other office-related expenses.

    Current Account

    29 April 2024

    The current account records transactions of a nation with the rest of the world, specifically the net trade-in products and services, net income from cross-border investments, and net transfer payments, over a defined period, such as a year or a quarter of the time.

    Direct Cost

    28 April 2024

    A direct cost is a cost that can be directly related to particular products or services being produced.

    Annual Report

    29 April 2024

    An annual report is a document a public corporation is expected to send to shareholders annually to explain its activities and financial conditions.

    Back Up

    28 April 2024

    Back up is a financial terminology concerning the movement of a security's price, spread, or yield prior to issue.

    Accounting Equation

    28 April 2024

    The basic equation of accounting reflects the dual-entry concept of claims, i.

    Savings/Wealth Management

    Real Property

    28 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.

    Land

    29 April 2024

    The land refers to a property or real estate, except buildings and facilities allocated by fixed spatial boundaries.

    Discretionary Income

    29 April 2024

    Discretionary income is the amount of money left for an individual to spend or save after paying taxes and for personal needs, such as food, lodging, and clothes.

    Property Manager

    28 April 2024

    A property manager is a person or organization that is employed to supervise a real estate unit's day-to-day operations.

    Sweep Account

    29 April 2024

    A sweep account is a brokerage or bank account that, at the close of each business day, automatically transfers funds that surpass or fall short of a certain threshold into a higher interest-earning investment option.

    Industrial Park

    29 April 2024

    Industrial parks are a portion of the city that are specifically reserved for industrial use.

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