Pro Forma: An invoice sent to a buyer before the goods are sent, so
that payment can be made or business documents can be produced.
Recession: Negative growth of Economy for 2 quarters and above.
Recurring or Cumulative Deposits: A particular fixed amount or
installment is deposited in this account every month; this account is useful to
build a capital sum through regular small savings.
Repo: It is a short term for repurchase agreement for RBI selling a
government security at a competitive rate in the market to absorb what it
considers is excess liquidity. The buyers are either banks or registered
primary dealers.
Repo rate: A transaction where funds are borrowed through the sale
of short term securities by the money market to the central bank. It is a means
of relieving short term shortage of funds and used as a device for monetary
control.
Reverse Repo Rate: The sale of securities is by the central bank to
the money market.
Revolving Credit: A loan facility that is renewed as it is repaid
and may be used repeatedly. It also termed as open end credit. A credit card
limit is a form of revolving credit.
Savings Account: This kind of accounts is given to the individuals
and a specific amount of interest is paid. There are restrictions on the number
of withdrawals.
Securitization: The process of converting a bank loan into a
marketable, negotiable security.
Statutory Liquidity Ratio (SLR): Refers to the amount that all
banks require to maintain in cash or in the form of gold or approved
securities.
Sweep Facility: An automatic service available on some bank
accounts that shifts creit balances into a deposit account where they will earn
interest.
End...
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COPY-WRITE OWNED BY PRAMOD KUMAR
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