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Financial Terms

Foreign Currency Non-Resident Account (FCNR)

It is a popular investment option for NRIs looking to diversify their portfolio and mitigate exchange rate risk. FCNRs are available in various currencies and can be opened for a minimum period of one year up to five years. The interest rates offered on FCNR deposits are determined by the Reserve Bank of India and are generally higher than those of domestic deposits.

A Non-Resident External (NRE) Account is a savings or term deposit account that can be opened by NRIs, allowing them to repatriate their earnings from India. This account can hold funds in Indian rupees and is a convenient option for NRIs to manage their finances and earn tax-free interest. NRE accounts also offer the flexibility of joint ownership with another NRI or resident Indian. The interest rates on NRE accounts are also set by the Reserve Bank of India and are typically higher than those of domestic accounts.

On the other hand, a Non-Resident Ordinary (NRO) Account is a

Gross Domestic Product (GDP) is the total value of all goods and services produced within a country's borders in a given period. Welcome to our lesson on the economy and it...

EBITDA, or earnings before interest, taxes, depreciation, and amortization, is a key financial term used to gauge a company's profitability. This metric is typically evaluat...

A third party often holds temporary transactions until the parties involved finalize their agreement. This type of account is then suspended once all necessary formalities h...

It is one of the three types of mutual funds, the other two being Income Funds and Balanced Funds. A Growth Fund is a type of mutual fund that is designed to generate capit...

During the parliamentary session following the Budget presentation, a Bill is introduced to outline the changes in tax policy that were announced. This Bill serves as a cruc...

Market risk, also called Systematic Risk, is the possibility of financial loss for an investor as a result of fluctuations in the overall stock market. It is a crucial facto...

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IPO

All terms and concepts related to the process in which a private company offers its shares to the pu

Stocks

All terms and concepts related to stocks, also known as equities, which represent ownership shares i

Gold

All terms and concepts related to the precious metal gold, including its price, trading, investment,

Trading Terms

Trading Terms encompass terminology and phrases commonly used in financial markets, including terms

Bank Deposits

All terms and concepts related to the placement of money in a bank account, including savings accoun

Derivatives

All terms & concepts related to financial contracts whose value is based on an underlying asset,

Financial Terms

A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used

Public Offerings

All terms related to a company selling its shares or bonds to the public for the first time (IPOs) o

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Terms related to decisions and events initiated by a company that can impact its stock, such as divi

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All terms and concepts related to mutual funds, which are investment vehicles that pool funds from m

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