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Allotment

In the world of finance, we often come across the term "subscription" when it comes to investing in a company. Simply put, subscription is the process of accepting an application to purchase shares of a company. This establishes a contractual agreement between the investor and the company, forming the basis of the investment through public subscription. Now, let's dive deeper into the intricacies of this important financial term.

Acceptance Letter

When you receive your sanction letter, it is important to carefully review the terms and conditions of the loan. If you are satisfied with the terms, you must then confirm y...

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Penal interest

In the realm of finance, it is crucial to understand the concept of penal interest. This term refers to the additional fees incurred when a borrower fails to make timely ins...

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Ballon Payment

The term "balloon payment" refers to the final and often larger payment on a debt, typically occurring after a series of smaller payments have been made. This type of paymen...

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Advance EMI

Equated installments are a common aspect of disbursing finances, and it's important to understand how they work. Essentially, these are a predetermined number of payments th...

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