Personal Finance Glossary
What is AEPS? Meaning, Full Form & How It Works AePS stands for Aadhaar Enabled Payment System. The National Payments…
What is Accrued Interest? Meaning, Definition & How It Works Accrued interest describes the gap between when interest is earned…
What is Active Management? Meaning, Definition & How Actively Managed Funds Work Active management is an investment approach where a…
What is Alpha in Finance? Meaning, Definition & How It Works In investing, alpha is shorthand for the extra return…
What is an AIF (Alternative Investment Fund)? Meaning & How It Works Alternative Investment Fund, or AIF, is the term…
What is Amortisation? Meaning, Definition & How It Works Amortisation is essentially the math behind every EMI you pay. When…
What is an Annuity? Meaning, Definition & How It Works An annuity is essentially a trade. You give an insurer…
What is Assessment Year? Meaning, definition & how it works in India Assessment year, or AY, is the year in…
What Is Asset Allocation? Asset allocation is the decision about how to divide your money across different types of investments….
What is an Asset Management Company? Meaning, Definition & How It Works In India, every mutual fund is set up…
What is Auto-Sweep Facility? Meaning, definition and how it works Auto-sweep facility in banks works on a simple idea: most…
What is a balloon payment? Meaning, definition and how it works A balloon payment is the terminal, oversized instalment on…
Bank – Meaning, Types & How Banking Works in India A bank is a financial intermediary, it sits between people…
What is the Banking Ombudsman Scheme? Meaning, how it works & how to file a complaint The Banking Ombudsman Scheme…
What is a bequest? Meaning, definition & how it works in a will? A bequest is a legal instruction in…
What is beta in finance? Meaning, definition and how it works? Beta, represented by the Greek letter β, is a…
Blockchain – Meaning, How It Works & Uses in Finance Blockchain is a type of distributed ledger technology (DLT). Think…
What are blue chip stocks? Meaning, definition and how they work? The term “blue chip” comes from poker, where blue…
Bond Yield – Meaning, Definition & How It Works Bond yield is the income return on a bond investment. When…
What is a bond? Meaning, definition & how it works A bond is a debt security issued by a government,…
What is a bridge loan? Meaning, definition and how it works A bridge loan is a short-term credit facility that…
What is a budget? Meaning, definition and how it works A budget is a written or digital record of expected…
What is BNPL? Buy Now Pay Later meaning, how it works & credit score impact BNPL, short for Buy Now…
What is Capital Preservation? Meaning, Definition & How It Works Capital preservation — known as punjee suraksha in Hindi and…
What is Cash Reserves? Meaning, Definition & How It Works Cash reserves meaning, in simple terms, is money kept in…
What is a Charge-Off? Meaning, Definition & How It Works A charge-off — sometimes written as “charge off” or referred…
What is Cheque Truncation System (CTS)? Meaning, Process & How It Works Cheque truncation means stopping a physical cheque at…
What is Claim Settlement Ratio (CSR)? Meaning, Definition & How It Works Claim settlement ratio measures an insurer’s track record…
Codicil – Meaning, Format & How to Add One to Your Will in India A codicil, from the Latin codicillus,…
What is CAGR? Meaning, Definition & How It Works CAGR tells you how an investment grew on average, every year,…
What is Compound Interest? Meaning, Definition & How It Works Compound interest — known as chakriya byaj or chakravridhi vyaj…
What is a Contingency Fund? Meaning, Definition & How It Works A contingency fund — called aapat nidhi or sankat…
What is Coupon Rate? Meaning, Definition & How It Works The coupon rate is set once, at issuance, and locked…
What is Credit Appraisal? Meaning, Definition & How It Works Credit appraisal — also called credit assessment or credit analysis…
What is Credit Score? Meaning, Range & How It Works A credit score is calculated by credit bureaus using data…
What is Credit Utilization Ratio? Meaning, Definition & How It Works The ratio is driven entirely by how much of…
What is a Debenture? Meaning, Definition & How It Works A debenture (डिबेंचर, sometimes called ऋणपत्र in Hindi) is a…
What is the Debt Avalanche Method? Meaning, Definition & How It Works The debt avalanche method is a mathematically efficient…
What is Debt Consolidation? Meaning, Definition & How It Works Debt consolidation is a way to simplify repayment by replacing…
What is Debt Management? Meaning, Definition & How It Works Debt management is a broad term for the strategies people…
What is Debt Settlement? Meaning, Definition & How It Works Debt settlement, also called loan settlement, is a negotiated resolution…
What is the Debt Snowball Method? Meaning, Definition & How It Works The debt snowball method is a debt repayment…
What is Debt-to-Income Ratio (DTI)? Meaning, Definition & How It Works Debt-to-income ratio, or DTI, measures how much of your…
What is Differential Interest Rate (DIR)? Meaning, Definition & How It Works The Reserve Bank of India (RBI), the country’s…
What is Digital Gold? Meaning, Definition & How It Works Digital gold works through a tie-up between an app or…
What is disinheritance? Meaning, types and how it works Disinheritance is a legal act where a person, while making a…
What is Diversification? Meaning, Definition & How It Works Diversification in finance means holding a mix of assets, such as…
What is Dividend Distribution Tax (DDT)? Meaning, Definition & How It Works The Reserve Bank of India does not govern…
What are Dividends? Meaning, Definition & How They Work A company’s dividend goes through a fixed sequence before it lands…
What is Earnings Per Share (EPS)? Meaning, Definition & How It Works Earnings per share comes from a company’s profit…
What is an Emergency Fund? Meaning, Definition & How It Works An emergency fund, sometimes called an emergency savings fund,…
What is EMI (Equated Monthly Installment)? Meaning, Definition & How It Works EMI runs on what lenders call the reducing…
What is Equity? Meaning, Definition & How It Works Equity comes from the idea of ownership stake, so it means…
What is Equity Mutual Fund? Meaning, Definition & How It Works An equity mutual fund is a professionally managed scheme…
What is Equity-Linked Savings Scheme (ELSS)? Meaning, Definition & How It Works Equity-Linked Savings Scheme (ELSS) funds were created so…
What is Escheat? Meaning, Definition & How It Works The word escheat comes from old English property law, where land…
What is an Escrow Account? Meaning, Definition & How It Works An escrow account works differently from a normal savings…
What is Estate Freeze? Meaning, Definition & How It Works Estate freeze is not a single law or product. It…
What is Estate Planning? Meaning, Definition & How It Works Estate planning meaning, in simple terms, is deciding in advance…
What is Estate Tax? Meaning, Definition & How It Works Estate tax, also called a death duty or estate duty,…
What is an Exchange-Traded Fund (ETF)? Meaning, Definition & How It Works The exchange-traded fund arrived in India in December…
What is Exempt Income? Meaning, Definition & How It Works Exempt income comes from Section 10 of the Income Tax…
What is Expense Management? Meaning, Definition & How It Works Expense management is not a new idea. Every household has…
What is External Benchmark Linked Rate (EBLR)? Meaning, Definition & How It Works Before October 2019, Indian banks priced floating-rate…
What is a Fiduciary? Meaning, Definition & How It Works The word fiduciary comes from the Latin fiducia, meaning trust….
What is a Financial Plan? Meaning, Definition & How It Works Financial planning meaning is simple once the jargon is…
What is A Financial Year? Meaning, Definition & How It Works India’s financial year splits into four quarters that finance…
What is a Fixed Deposit (FD)? Meaning, Definition & How It Works A fixed deposit, also called a term deposit…
What is Floating Rate? Meaning, Definition & How It Works Floating rate, also called floating interest rate or floating rate…
What is Forbearance? Meaning, Definition & How It Works Forbearance grew out of a simple problem that both lenders and…
What is Form 16? Meaning, Definition & How It Works Form 16 is issued under Section 203 of the Income…
What is Form 26AS? Meaning, Definition & How It Works Form 26AS was introduced under Rule 114-I of the Income-tax…
What is Fund of Funds (FoF)? Meaning, Definition & How It Works Fund of funds meaning is simple once you…
What is Gift Tax? Meaning, Definition & How It Works Gift tax is the tax the Income Tax Department charges…
What is Goods and Services Tax (GST)? Meaning, Definition & How It Works India introduced GST on 1 July 2017…
What is a Government Bond? Meaning, Definition & How It Works The Government of India and individual state governments borrow…
What is Gratuity? Meaning, Definition & How It Works Gratuity comes from a simple idea: an employee who stays with…
What is Gross Total Income (GTI)? Meaning, Definition & How It Works Gross Total Income comes from Section 80B(5) of…
Growth investing is an approach to picking stocks, not a single product you buy off a shelf. The idea took…
What Is the GST Rate on Gold? Meaning, Definition & How It Works The Goods and Services Tax (GST) is…
The word hedging comes from the old English idea of a hedge, a boundary planted around a field to keep…
You may have come across a new investment option, SIF. It stands for Specialised Investment Fund. The category is still…