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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.

Extended Internal Rate of Return (XIRR)

This method takes into account the time value of money and assumes that the cash flows from an investment are reinvested at the same rate. Let's discuss the concept of Exten...

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Foreign Exchange Rate

It is a crucial concept in the world of finance and plays a major role in the global economy. This rate is constantly fluctuating and is influenced by various factors such as...

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Base rate

This rate is used by commercial banks as a benchmark to set their own interest rates. Let's dive into the world of finance, where understanding the concept of base rate is ...

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Balance of Payment

International transactions refer to the exchange of goods, services, and gold between countries. These transactions are recorded and analyzed to determine the economic perfo...

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