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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.

Vote on Account

As a professor of finance, I would like to introduce you to the concept of Vote on Account. This refers to a pre-approved budget allocation by the Parliament for the outgoin...

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Due Diligence

The process involves analyzing financial statements, verifying transactions, and identifying any discrepancies. This is an essential aspect of finance and a crucial step in m...

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Blue Chip Companies

Blue Chip Companies are highly reputable multinational companies that have been in operation for a significant period. These companies have a substantial market capitalization...

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Daily Margin Statement

A crucial document for investors and traders is the Daily Margin Statement. It's a password-protected report that reveals the amount of available margin and how it's being u...

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