Economics, Business and Trade Related terms

gaurav · 03-01-2010, 07:24 AM

Ante Date : To give a designated day former to that on which it is in writing, to any cheque, account or any other document.

Appreciation of Money : It is a increase in the worth of cash initiated by a drop in the general cost level.

Assets : Property of any kind accessible in the direction of the release of the liabilities of a testator, intestate debtor or company.

At Sight : A pattern of notification in writing on accounts or remarks denoting that they are not payable on demand but after expiry of a particular time span and permitting three days of grace there after.

Arbitration : A procedure for compounding argument, usually of an developed environment, between the boss and his workers by quotation to disinterested parties-called arbitrators.

Advice : Any notification of a enterprise transaction, apprising an agency, correspondent, or clientele that a certain thing has been done.

gaurav · 03-01-2010, 07:24 AM

Bear : A speculator in the market who accepts as factual that cost will proceed down.

Bull : A speculator in the supply market who buys items, in some situations without cash to pay with, anticipating that charges will proceed up.

Bill of Credit : A note authorising the accelerate of cash to a particular individual, implying thereby the obligation on the part of the author to repay that amount.

Black Money : Unaccounted cash on which no Income-tax has been paid. The major cause for accumulation of very dark cash has been the vertical increase in rate of taxation : levy evasion becomes appealing and profitable. The enterprise community, political leaders and bureaucrats all have built up very dark cash throughout the last couple of years. The Government of India demonetised high denomination remarks in Jan. 1978 in alignment to decrease the bad or very dark money. Voluntary Disclosure Income Scheme was presented in 1977 by the Govt. Over Rs. 10,000 crores were netted by the Govt. by Feb 28, 1998.

Bond : A in writing monetary affirmation between two individuals, or between two authorities or between a individual and a government or company, or between a company and a government.

Balance of Trade : The distinction between the trades and trade items of a country. It is favourable when the worth of exported items exceeds the worth of imported goods. And it is unfavourable if the trades exceed exports.

Bankers' Cheque : A cheque drawn by one bank on its own branch.

Bank Rate : The rate at which the Central Bank (Reserve Bank of India) will discount first class accounts of exchange.

Basket Currencies : 14 currencies whose mean worth has been taken to assess the worth of S.D.R. Similarly, the rupee exchange rate is broadcast on the cornerstone of mean worth of half a dozen basket currencies.

Buyers' Market : An locality in which the provide of certain items exceeds the claims, in order that purchasers can propel hard bargains.

gaurav · 03-01-2010, 07:25 AM

Carat : Measure or heaviness for prized pebbles, about 4 grains; 24 carat gold is the purest gold, therefore 22 carat gold means a part of gold in which 22 .parts are untainted gold and 2 components of an alloy, generally copper.

Caution Money : It is cash made a down fee as security for the fulfilment of a agreement of obligation.

Central Bank : A bank which is (a) banker to the Government, (b) banker to the financial banks, and (c) organises the currency and borrowing principle of that country. The Reserve Bank of India is the Central Bank.

Clearing House : The location where clerical assistants from the distinct banks rendezvous every day, conveying with them all accounts cheques drawn on each other bank on that day. The bills/cheques are then swapped and spectacular dissimilarities settled.

Letter of Credit : A note from a bank, firm or one individual to another authorising fee to a third individual of a exact addition, for which the mailer supposess full responsibility.

Crossed Cheque : A cheque is traversed for protection. In a traversed cheque two aligned lines are drawn over its face and the phrases 'and Co'. are in writing between the lines. Such a cheque should be paid into one's own account in the ban} and then realised.

gaurav · 03-01-2010, 07:26 AM

Debentures : A debenture is a credentials handed out by a business to its creditors undertaking the fee of a asserted addition at repaired rate of interest, after a particular time span of time. A debenture is the first ascribe on the assets of the company.

Deflation : A state in monetary market when cash in circulation has declined and is distinuished by reduced charges, job loss, etc.

Demand Draft : An equipment drawn by one bank on any of its own parts or on another bank under bureau placement is payble on demand.

Devaluation : A premeditated decrease in the worth of the dwelling currency to foreign currency. It is finished habitually by a governmental activity, and is resorted to in alignment to decrease trades and boost exports. India devalued her currency by 37 percent on 6th June, 1966. Of late so numerous nations, viz., U.K., U.S.A., and France have resorted to this expedient to balance their fee positions.

Draft : A cheque drawn by one bank on another.

gaurav · 03-01-2010, 07:26 AM

Estate Duty : A pattern of death obligation and a procedure of direct taxation, enforced when the house is moved on the death of its owner. It has been eradicated in India but was reintroduced in a restricted way in 1988.

EURO : The European Union announced to insert a widespread currency for its constituent nations, called EURO. Eleven of the fifteen nations acquiesced to become constituents of the widespread currency presented on Jan. 1, 1999. Four nations are expected to become constituents later. By 2002, it is wanted that the localized currencies will go away and restored by EURO.

Excise Duty : It is the obligation ascribed on items constructed inside the country; excise obligations on alcoholic beverage, tobacco, sugar, match-box, cIoth, etc., have been levied by the Government of India.

Floating Currency : On account of too broad a fluctuation between the authorized and unofficial rates for diverse currencies of the world, some of the nations determined not to rectify any specific rate of the currency vis-a-vis other ones and let the worth be very resolute on a every day basis.

Foreign Exchange : The procedure by which transactions in worldwide trade are financed.

Fixed Exchange Rate : When the exchange rate of the currency is repaired by the worried government and it can only be altered either by devaluation or revaluation.

Floating Exchange Rate : A position in which the exchange rate of any currency is very resolute by the forces of demand and provide for this currency. Today rupee is furthermore bobbing and its exchange rate with other currencies is very resolute by the demand and supply. Periodically the Reserve Bank of India broadcasts the exchange rates of rupee with other currencies. The exchange rate is calculated by taking mean worth of basket currencies.

Free Trade : A tariff scheme which delicacies foreign trades and dwelling made items on the identical cornerstone, either levying both identically or exempting both.

gaurav · 03-01-2010, 07:27 AM

Gold Standard : It is a scheme of currency founded on the free coinage of gold. It presupposes that the state will deal and purchase gold at repaired cost in periods of the localized currency; For all functional reasons, the scheme is dead now.

Green Revolution : The period directed for the vertical increase in the output of farming goods, throughout the past couple of years. The Green Revolution was made likely by : (i) better use of fertilizers (ii) intensive cultivation, (iii) newest diversity of kernels and particularly the hybrid diversity (iv) pesticides and insecticides and (v) accessibility of guaranteed means of irrigation green transformation turned gray in 1973-74 when nourishment output was substantially lower. The major cause, as asserted by a couple of, is not the non-availability of food items, but defective distribution. There were nourishment kernel shortages in 1980 on account of critical drought in 1979. In 1998, the homeland reaped a large collection of over 194 million pitch and over 200 million pitch in 1999.

Hard Currency : The currency of a homeland in relative to which we have an harmful balance of fee, i.e., which is hard to be obtained.

Hot Money : Money which moves from one location to another to search earnings or higher rate of interest is called warm money.

Index Number : A statistical procedure of showing roughly the variations in the charges of absolutely crucial products over certain time span of time.

Inflation : It is an boost in the amount of cash in circulation without any corresponding boost in items, and, thus, it directs to an abnormal increase in the cost level.

Key Currency : A currency which is internally agreeable and is utilised in worldwide payments.

Laissez-faire : It is the other title of individualistic idea which supports personal start in trade and non-intervention by state in financial or enterprise enterprises.

Lead Bank : The Banking Commission has suggested that the nationalised banks should be inquired to conquer the entire development undertaking of in turn around areas. Each bank was to be adhered with a certain in turn around district of a district. It was to be the blame of the bank to gaze after the development of the in turn around region. The bank was to undertake more or less a techno-economic review in alignment to take general the economic and developmental needs.

Legal Tender : Any pattern of cash which is lawful quittance of a liability, and which will not be denied by the creditors.

Limited Company : A business in which the shareholder's blame is restricted to the span of the worth of the portions in it.

Lock-out : The manufacturer is shut by employers to force the employers to accept the enforced terms.

gaurav · 03-01-2010, 07:27 AM

Mixed finances : A blended finances is one in which both public and personal parts have an significant function to play, India has opted for a blended finances with a provision that a couple of developed areas of crucial national
importance have been booked for the public sector.

Mutual Funds : There have been times when to buy the smallest dimensions swapping allotment a good development portions, one has to invest more than Rs. 25,000. For a little hoarder, the only way to take benefits of the prosperity of such businesses is by subscribing to a mutual fund. This endows him to subscribe to a diversified portfolio, not only proposing him the benefits of development in scripts that he would else not have been adept to invest in but furthermore assisting him to get a balanced portfolio which would decrease his exposure to risk. Despite bobbing of a large number of Mutual capital, the public has got disillusioned due to very awful comes back in these funds. Unit Trust of India (UTI) is the foremost in this economic activity.

National Debt : The allowances scrounged at distinct times by the Government for the expenditure which will not be contacted from commonplace revenues. The cash so increased may be for creative reason or other
nation-building undertakings or for unproductive reason, for example war.

Open Credit : Credit granted by a banker to a clientele without assurance or security.

Overhead Cost : The cost over and overhead the repaired charges for example mechanism, plants and land.

Paper Gold : Also renowned as Special Drawing Rights (S.D.R.) allotted to constituents of the International Monetary Fund, in percentage to their quota in the finance, in order that the increasing world trade can be financed altering hands only on ledger slips, but the constituents of the Fund are obliged to accept it as payment.

Patents : A patent is an exclusive right allocated under the Patents Act to the inventor for anew and helpful mechanical invention. This is finished with a outlook to boosting new inventions.

Public Company : A restricted business whose capital comprises of portions publicly subscribed.

Public Sector : A period which is usually directed to State enterprises or undertakings, i.e., those anxieties or commerce which are nationalised and run by the State.

gaurav · 03-01-2010, 07:28 AM

Rebate : It is the refundable part of fee made, or commission. state, in the direction of protection principle or the like.

Reflation : A state of activities when cash market ist1ght;so more cash is put into circulation by conceiving more occupations or by supplying bargain credit.

Royalty : It is a chunk addition fee for certain kind of ownership or privilege, for demonstration, royalty paid for extracting oil from oilfields or excavation coal from a coal-mine, or a share of the sale cost of publication, paid by the publisher to the author.

Security : Any item promised to cover a lend and the interest thereon, for the stipulated period.

SDR : It is a unit of an account (Special Drawing Rights)-adopted by the International Monetary Fund. Its worth is very resolute by an mean worth of 14 basket countries. Currently, the worth of SDR is identical to U.S.A. $1.17.

Sit-down Strike : A pattern of hit in which the employees put down devices, but deny to depart the building of the factory.

Soft Currency : It is the currency of the homeland in relative to which we have a favourable balance of payment.

State Trading : When the state undertakes the buy and sale of certain products, so as to command market charges, and to guarantee a equitable deal, both to the merchandise and consumer. In India, State Trading Corporation was set up in 1956 to conquer the sale and circulation of cement. The S. T .C. now assists the finances in several ways by expanding overseas trade.

Sterling : It is the paper currency of England, i.e., one bash currency.

Tariff : It is defence for indigenous commerce , or assesses undertaken by any homeland to defend its own commerce against trade affray from outside.

03-01-2010, 07:24 AM	#1
gaurav Member Join Date: Dec 2009 Posts: 69 Rep Power: 15	Economics, Business and Trade Related terms Ante Date : To give a designated day former to that on which it is in writing, to any cheque, account or any other document. Appreciation of Money : It is a increase in the worth of cash initiated by a drop in the general cost level. Assets : Property of any kind accessible in the direction of the release of the liabilities of a testator, intestate debtor or company. At Sight : A pattern of notification in writing on accounts or remarks denoting that they are not payable on demand but after expiry of a particular time span and permitting three days of grace there after. Arbitration : A procedure for compounding argument, usually of an developed environment, between the boss and his workers by quotation to disinterested parties-called arbitrators. Advice : Any notification of a enterprise transaction, apprising an agency, correspondent, or clientele that a certain thing has been done.

03-01-2010, 07:25 AM	#3
gaurav Member Join Date: Dec 2009 Posts: 69 Rep Power: 15	Carat : Measure or heaviness for prized pebbles, about 4 grains; 24 carat gold is the purest gold, therefore 22 carat gold means a part of gold in which 22 .parts are untainted gold and 2 components of an alloy, generally copper. Caution Money : It is cash made a down fee as security for the fulfilment of a agreement of obligation. Central Bank : A bank which is (a) banker to the Government, (b) banker to the financial banks, and (c) organises the currency and borrowing principle of that country. The Reserve Bank of India is the Central Bank. Clearing House : The location where clerical assistants from the distinct banks rendezvous every day, conveying with them all accounts cheques drawn on each other bank on that day. The bills/cheques are then swapped and spectacular dissimilarities settled. Letter of Credit : A note from a bank, firm or one individual to another authorising fee to a third individual of a exact addition, for which the mailer supposess full responsibility. Crossed Cheque : A cheque is traversed for protection. In a traversed cheque two aligned lines are drawn over its face and the phrases 'and Co'. are in writing between the lines. Such a cheque should be paid into one's own account in the ban} and then realised.

03-01-2010, 07:26 AM	#4
gaurav Member Join Date: Dec 2009 Posts: 69 Rep Power: 15	Debentures : A debenture is a credentials handed out by a business to its creditors undertaking the fee of a asserted addition at repaired rate of interest, after a particular time span of time. A debenture is the first ascribe on the assets of the company. Deflation : A state in monetary market when cash in circulation has declined and is distinuished by reduced charges, job loss, etc. Demand Draft : An equipment drawn by one bank on any of its own parts or on another bank under bureau placement is payble on demand. Devaluation : A premeditated decrease in the worth of the dwelling currency to foreign currency. It is finished habitually by a governmental activity, and is resorted to in alignment to decrease trades and boost exports. India devalued her currency by 37 percent on 6th June, 1966. Of late so numerous nations, viz., U.K., U.S.A., and France have resorted to this expedient to balance their fee positions. Draft : A cheque drawn by one bank on another.

03-01-2010, 07:27 AM	#6
gaurav Member Join Date: Dec 2009 Posts: 69 Rep Power: 15	Gold Standard : It is a scheme of currency founded on the free coinage of gold. It presupposes that the state will deal and purchase gold at repaired cost in periods of the localized currency; For all functional reasons, the scheme is dead now. Green Revolution : The period directed for the vertical increase in the output of farming goods, throughout the past couple of years. The Green Revolution was made likely by : (i) better use of fertilizers (ii) intensive cultivation, (iii) newest diversity of kernels and particularly the hybrid diversity (iv) pesticides and insecticides and (v) accessibility of guaranteed means of irrigation green transformation turned gray in 1973-74 when nourishment output was substantially lower. The major cause, as asserted by a couple of, is not the non-availability of food items, but defective distribution. There were nourishment kernel shortages in 1980 on account of critical drought in 1979. In 1998, the homeland reaped a large collection of over 194 million pitch and over 200 million pitch in 1999. Hard Currency : The currency of a homeland in relative to which we have an harmful balance of fee, i.e., which is hard to be obtained. Hot Money : Money which moves from one location to another to search earnings or higher rate of interest is called warm money. Index Number : A statistical procedure of showing roughly the variations in the charges of absolutely crucial products over certain time span of time. Inflation : It is an boost in the amount of cash in circulation without any corresponding boost in items, and, thus, it directs to an abnormal increase in the cost level. Key Currency : A currency which is internally agreeable and is utilised in worldwide payments. Laissez-faire : It is the other title of individualistic idea which supports personal start in trade and non-intervention by state in financial or enterprise enterprises. Lead Bank : The Banking Commission has suggested that the nationalised banks should be inquired to conquer the entire development undertaking of in turn around areas. Each bank was to be adhered with a certain in turn around district of a district. It was to be the blame of the bank to gaze after the development of the in turn around region. The bank was to undertake more or less a techno-economic review in alignment to take general the economic and developmental needs. Legal Tender : Any pattern of cash which is lawful quittance of a liability, and which will not be denied by the creditors. Limited Company : A business in which the shareholder's blame is restricted to the span of the worth of the portions in it. Lock-out : The manufacturer is shut by employers to force the employers to accept the enforced terms.

03-01-2010, 07:28 AM	#8
gaurav Member Join Date: Dec 2009 Posts: 69 Rep Power: 15	Rebate : It is the refundable part of fee made, or commission. state, in the direction of protection principle or the like. Reflation : A state of activities when cash market ist1ght;so more cash is put into circulation by conceiving more occupations or by supplying bargain credit. Royalty : It is a chunk addition fee for certain kind of ownership or privilege, for demonstration, royalty paid for extracting oil from oilfields or excavation coal from a coal-mine, or a share of the sale cost of publication, paid by the publisher to the author. Security : Any item promised to cover a lend and the interest thereon, for the stipulated period. SDR : It is a unit of an account (Special Drawing Rights)-adopted by the International Monetary Fund. Its worth is very resolute by an mean worth of 14 basket countries. Currently, the worth of SDR is identical to U.S.A. $1.17. Sit-down Strike : A pattern of hit in which the employees put down devices, but deny to depart the building of the factory. Soft Currency : It is the currency of the homeland in relative to which we have a favourable balance of payment. State Trading : When the state undertakes the buy and sale of certain products, so as to command market charges, and to guarantee a equitable deal, both to the merchandise and consumer. In India, State Trading Corporation was set up in 1956 to conquer the sale and circulation of cement. The S. T .C. now assists the finances in several ways by expanding overseas trade. Sterling : It is the paper currency of England, i.e., one bash currency. Tariff : It is defence for indigenous commerce , or assesses undertaken by any homeland to defend its own commerce against trade affray from outside.