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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.

Harmless Warrants

Harmless Warrants, a bond provision, provides bondholders with the option to relinquish their bond, on the condition that the borrower must acquire another bond with identic...

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GDP

It is used as a measure of a country's economic growth and overall wealth. Let's discuss one of the key terms in the world of finance - the gross domestic product (GDP). Th...

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Intermediaries

They play a crucial role in facilitating transactions between buyers and sellers, providing valuable expertise and services that make the process more efficient and secure. E...

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Joint Account

It is a common practice among couples, business partners, or family members. Joint accounts offer the convenience of pooling resources and simplifying financial transactions....

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