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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

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...

This helps ensure the safety and stability of the banking system. Welcome to our lesson on Statutory Liquidity Ratio (SLR), a key term in the world of finance. As a knowledg...

L-shaped Recovery

An L-shaped recovery is a term used to describe a specific pattern in economic charts during a recession and its subsequent recovery. This shape resembles the letter "L" and...

An essential figure in the world of finance, the auditor is a qualified individual responsible for conducting thorough audits. With a keen eye for detail, they meticulously ...

In the realm of finance, the term capital asset refers to any property that is owned by an individual or entity. This can encompass a wide range of assets, including but not...

This technique is commonly used in finance to determine the value of assets and liabilities on a regular basis, providing an accurate representation of a company's financial ...

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Insurance

All terms and concepts related to insurance, which is a financial arrangement that provides protecti

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

Market Entities

All terms related to various types of organizations or individuals, like investors, banks, insurers,

Public Offerings

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

Derivatives

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

Fixed Income Instruments

All terms related to investments like bonds or treasury bills that provide regular, fixed payments,

Financial Terms

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

Mutual Funds

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

Options and Futures

All terminologies and concepts related to financial derivatives, including options and futures contr

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