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Financial Terms

Nominee

This individual is authorized to act on behalf of the investor in case of any unforeseeable circumstances such as death or incapacitation.

A Nominee refers to an individual entrusted with the task of protecting the securities held by an investor. In case of any unfortunate events such as death or inability to act, this person is authorized to act on behalf of the investor. This role is crucial in ensuring that the investments are not left unattended and vulnerable. It is important to carefully choose a trustworthy and reliable nominee for one's investments.

FIAT Currencies

FIAT currencies are a classification of currency that is authorized by a government but lacks any intrinsic or fixed value. This means that the value of these currencies is ...

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Amortization

Amortization is a fundamental concept in finance that involves paying off a debt through regular, fixed payments over a set period of time. By adhering to a predetermined sc...

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KRA

The KYC Registration Agency, also known as KRA, holds a comprehensive database of KYC information within the securities market. This database is regulated by the Securities ...

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Electronic Clearing Service (ECS)

This system allows for the automatic transfer of funds from one bank account to another. Understanding the intricacies of financial transactions is crucial in the world of...

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