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Financial Terms

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 schedule, this method allows borrowers to effectively manage their loan and ultimately eliminate it within a specific timeframe. It is a crucial tool in the world of finance, and understanding its intricacies can greatly benefit individuals seeking to navigate the complex world of financial commitments.

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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Flexible Exchange Rate System

In finance, we often encounter a term known as the "floating exchange rate". This refers to a rate that is determined by the forces of supply and demand in the foreign excha...

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Rupee-cost Averaging

Rupee-cost averaging, a common term in the world of finance, is a strategy used to minimize losses in the share market. This involves investing a fixed amount of money at pr...

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Foreign Currency Non-Resident Account (FCNR)

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