Bounced Cheque – Bounced Cheque When the bank does not have sufficient funds in the account concerned or the account holder requests that the cheque is being paid (in exceptional circumstances), the bank will send the account holder back to the cheque holder.
CGT (Capital gain tax) – It is a direct tax that will be levied on sales and purchases of capital assets such as Shares, stakes, even costlier items which won’t have depreciation such as monuments, paintings. Cheque Book a small, bound booklet of cheques. Cheque a piece of paper printed with your account number, sorting code and printed number in your bank. The account number separates your account from another account, the sort code is your bank's special code, which separates it from any other bank.
Cheque Clearing - This is the process of getting the money from the cheque writer’s account into the cheque receiver’s account
Clearing Bank – This is a bank that can clear funds between banks. For general purpose, it is an institution which we know as a bank or banking service provider.
Core Banking Solution (CBS) – The branches of a bank are connected to a central host, where online multiple delivery channels like ATM, ABB, Debit Card, Mobile Banking etc. under one roof.
Credit Card – A system of payment of small plastic card naming payments to users of a credit card system. Based on the commitment of the payment holder for these products and services, it provides a card to buy its holder's product and services.
Credit Rating – This is a rating that comes from a separate (or company) credit industry. It is obtained by the person's credit history, which is available from analysis resources such as CRISIL India.
Credit-Worthiness – It is an institution's judgment which determines whether or not to take a specific person as a customer. A person can be considered for the competence of an organization but not by any other organization. Whether an organization's high risk is involved with customers depends on whether or not.
Crop Loans – Bank provide crop loans to the farmers for their seasonal operations (Kharif, Rabi) of agriculture like to purchase seeds, fertilizers.
Cross Selling – Cross selling refers to selling of multiple products to the existing customers such as insurance, mutual funds etc. (to the banking customers).
Debit Card – Debit card allows for direct withdrawal of funds from customers’ bank accounts. The spending limit is determined by the available balance in the account.
Demand Deposit – A demand deposit is the one which can be withdrawn at any time, without any notice or penalty; e.g. money deposited in a checking account or savings account in a bank.
EMI (Emulated Monthly Installment) – An equal amount repaid with the principal and interest amount of a loan on every month.
Endorsement – When facing the machinist's signature, the signer signs the "Check Specific People" check back. It means transfer from one person to another person.
Excise Tax – Taxes imposed on certain products and services, such as cigarettes and petrol. Customs duty is applicable to the intermediate limits, as 'tax' tax is defined as tax.
Fiscal consolidation – Process where it is Government Issue of restrictions on our economy such as licensing of industries, ban on stacking etc. We are working under the Reserve Bank of India, it is a perfect measure of the FABM Act (Financial Accountability and Budget Management Act) 2003.
Fiscal policy – Financial policies are used to influence the use of government policies and revenue collection to influence the economy
Floating rate of interest - It is also known as variable or regular rate. It refers to any type of debt instrument (such as debt, bond, and mortgage) or credit, which does not specify interest rates on the life of the instrument. Due to outside market conditions, it changes on a specific basis.
General Anti-Avoidance Rule (GAAR) – This is an anti-tax avoidance regulation system set up in India by a tax regulator, which bans tax evaders, tax hawking through tax housing like Taxation of Mauritius, Luxemburg, Switzerland. It was launched by Former Finance Minister Pranab Mukherjee during the budget session on March 16, 2012. Finance Minister Arun Jaitley announced that his implementation will be delayed by 2 years and was implemented on 1st April, 2017.
Tax Havens – Tax houses govern the countries which lower taxes, which allow people to continue to tax or tax fraud. There are around 45 tax houses in the world today. In the Indian context, Mauritius is considered to be the most prominent tax house or tax avoidance route.
AGM (Annual General Meeting) - This is the year meeting held by each registered company. The agenda explains the yearly activities, presentation of annual financial statements, voting on important financial decisions. Any shareholder can participate in AGM.
Asset turnover ratio - This ratio can be interpreted as Net Assets / Total Transactions or Sales. This ratio measures the efficiency of business assets. In simple terms, how long the total wealth of this measurement becomes one year and how effective the utilization of an organization's assets is?
Acid test ratio - It is one of the important ratios for measuring commercial fluid. Business liquidity is defined as a business to provide a short-term loan to Acid test ratio = liquid asset / current liability.
American Depository Receipt - This is a way that does not raise money from investors in the United States. These shares are traded on the US Stock Exchange and are valued within US $.
Amortization – This is an accounting technique by which invisible assets are closed within a specific time period. For example, the provision of suspicious loans or preliminary expenditure is closed in a period of time.
Annuity – This is an investment project under which the investor is able to invest repeatedly and eventually he is financed one by one. The common example is the repetitive deposit account in a post office where people make small monthly deposits and get their money back at the end of the period. The annual investor receives a composite interest in a specific period of time.
Asset Management Company (AMC) – AMC is an organization that collects and monetizes investors' money in specified goals. The fund is known as a mutual fund.
Audit – Financial statements and physical stock are examined annually (Chartered Accountant approved by ICAI in India).
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