Account closure (depositor account)
The closure of beneficiary and pool accounts by the investor and the clearing member or at thediscretion of the participant, if the client has defaulted in its obligations towards the participant.
A current liability showing the amounts due to others within a period of one year when such liabilityresulted from the purchase or manufacturing of inventory.
Any money due to a business for merchandise or securities that it has sold or for services it hasrendered. This is a key determinant in analyzing a company’s liquidity.
A description applicable to a range of instruments, e.g. caps, swaps, collars and swaptions, where thenotional amount on which the instrument is based increases successively during its life.
The interest accruing on a security since the previous coupon date. If a security is sold between twopayment dates, the buyer usually compensates the seller for the interest accrued, either within theprice or as a separate payment.
Acid Test Ratio
The value of cash equivalents and accounts receivable (the quick assets) divided by current liabilities.Also known as quick asset ratio or liquidity ratio, it is a measurement of corporate liquidity.
Any individual/company/any other legal entity, which intends to acquire or acquires substantial quantityof shares or voting rights of target company or acquires or agrees to acquire control over the targetcompany along with the persons acting in concert.
Active portfolio Strategy
A strategy that uses available information and forecasting techniques to seek a better performancethan a portfolio that is simply diversified broadly.
Margin collected by the Stock Exchange from the members having unduly large outstanding positionor the margin levied on volatile scrips based on adhoc basis keeping in view the risk perspective.
Term for an exchange rate regime where a country’s exchange rate is pegged (i.e. fixed) in relation toanother currency (normally the dollar), but where the rate may be changed from time to time.