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Financial Terms

Mutual Fund Service System (MFSS)

The National Stock Exchange (NSE) offers a convenient online system known as Mutual Fund Service System (MFSS). This system is utilized by members to submit redemption or subscription requests on behalf of investors. It allows for efficient and secure online transactions, making the process more convenient for all parties involved.

Vote on Account

As a professor of finance, I would like to introduce you to the concept of Vote on Account. This refers to a pre-approved budget allocation by the Parliament for the outgoin...

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Annualized Premium

It is calculated by multiplying the monthly premium by 12 for yearly payments or by multiplying the quarterly premium by four for quarterly payments. As we delve deeper into t...

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Balance of Trade

Trade balance, also known as balance of trade, refers to the discrepancy between a nation’s exports and imports during a specific time frame. It is a crucial indicator of a ...

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Intermediaries

They play a crucial role in facilitating transactions between buyers and sellers, providing valuable expertise and services that make the process more efficient and secure. E...

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