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Financial Terms

KYC

It helps in preventing fraud and financial crimes such as money laundering. The process involves collecting information about a customer's identity, occupation, and source of income.

KYC, or "Know Your Customer," is a crucial concept in the world of finance. It enables institutions to ensure the legitimacy of their customers and prevent potential financial crimes. By collecting details like identity, occupation, and source of income, KYC helps institutions stay vigilant and protect against fraud and money laundering. In other words, it's a necessary step towards maintaining the integrity and security of the financial industry.

Indirect Tax

Indirect taxes are levied on goods and services by the government, and are collected by either the manufacturer or retailer in the supply chain. These taxes, such as the Goo...

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Finance Bill

During the parliamentary session following the Budget presentation, a Bill is introduced to outline the changes in tax policy that were announced. This Bill serves as a cruc...

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Head and Shoulders

- The technical analysis of charts involves identifying patterns that signal changes in market trends. One such pattern is the reversal pattern, which can indicate a shift fr...

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Interest

When a lender lends money to a borrower, they earn a return on that money in the form of interest. This interest is typically expressed as an annual percentage rate (APR) an...

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