Glossary

absolute privilege

accessible

accessories

accountability

accountant

accounting

accounts
accounts officer (consolidation)

)(

accumulated profit

accuracy

acquisition
acquittal
across-the-board
active partner
actuary
adequacy
adequate remedy

adjournment

adjudication

administered
administrative charge

administrator

advance payment
advertising expenses
advice
affidavit
affiliated company
aggregate premium
all-risk insurance
altered maturity date
amenities
amicus curiae
ancestral property
annual general meeting
annuity
anomaly
anticipate
anticipated payout

appellant

appendix

applicable

application
appointment letter
arbitrage
arbitrary decisions

()

arbitration award
arrears
arrest warrant
articles of association
assess
assesse
assessed value
assessment
assessor
asset classification
asset management
assets and liabilities
assets growth
assign
assignee
)assistant director (preventive
associated companies
associated member
assurance
at call
auctioneer
audio-visual aids
audit code

auditor
austerity
authenticate
authorized capital
automation
automobile insurance
available resources

aviation insurance

awareness campaign

bad debt
bail bond

bancassurance

bank liabilities

bailout
balance sheet

banking reserves
bankrupt
bankruptcy law
barter
base rate
bay'el muajjal
bay'el salam
benchmark

beneficial ownership
beneficiaries
benevolent fund
best practices
bid-ask spread
bilateral agreement
billion
birth rate

blocked funds

board

()

board of directors
body corporate
bona fide possession
bonded debt
bonds
book value
borrowers viability
both parties
branch office
breach of commitment
break-even
bulk purchase
burden of proof

business insurance

capital expenditure

capital flight

capital gains

capital market
capital movements
capital-intensive industry
capitalization

caretaker

cash

cash flow statement

casting vote
categorize
caveat
central depository
certificate of origin
chairman

chamber of commerce

charitable institutions

charitable trust

charter
check list

chief executive officer

chief financial officer

chief inspector
chief of operations
circle officer

civil court

classified stock

circular
circumstantial evidence

clause

clearing house

closed reserve

closing entries

cluster
code of conduct
code of corporate governance
coexistence

collateral

colleague

collective investment
commencement date

commitment and courage

commodities market

common seal

company limited by guarantee

company limited by shares

communication assistant
community service

comparative analysis
compensation

competent court

competitiveness

compensatory damages

complainant

compliance

composition

compound interest

composite rate

compulsory insurance
concentration
concentration banking
concept note

concessional finance

conclusive evidence

conclusive presumption
conditional judgment
condone

confidentiality
confirmation
confiscation order
conflict of interest
conformity
congeneric merger

conservator of forests

consolidated accounts

conglomerate
consecutive

constitute
constitution
constitutive documents
construe
consumer goods
consumers
contagion
contempt of court
contraband
contract
contravention
cooperative society
coordination

coordinator

corporate body

corporate crime

cost accountant

cost accounting

corporation
corroborative evidence
corroborative statement

cost price
cost-plus pricing
credibility

criminal breach of trust

criminal intimidation

credible witness
criminal abetment

criteria
criterion
cronyism
crop insurance

crude oil

cumulative system

custodian
custodian trustee

daily collection statement

dairy development
day trading
de facto
de jure
deadline
dealing in securities
debenture
debt market
debt rescheduling
debt service schedule
debtor
declaration
deduct
deed of endowment
deed of gift
deed of transfer
deed writer
deferred annuity

deferred shares

definite period

deflation
defunct

deliberately

demand and supply

deposit liabilities
deposit mobilization

deposit slip

deposition

depository
deposits
depreciation
deputy chief manager
deregulation
derivatives
detailed questionnaire
detect
deter
determine
deterrence
development finance
deviation
diminished responsibility
directive
disaster area
disbursement

disciplinary action
disclaimer

discount house

discount price

disclosure

discretionary power
discriminatory laws
disinherit
disinterested witness
dispatcher

disposable income

dissolution

distribution channels
distributor
diversity
divestiture
dividend
division of labor
doctrine of necessity
domestic demand

donor agencies

dormant account

dormant company

double endowment policy

double-entry book-keeping
downturn
dry port
due diligence

duration

dynamic

early retirement of debt

early warning system
early withdrawal penalty
earnest money
easy exit

economic analyst

economic consultant

economic corridor

economic sanctions

economic shocks

effective cost
effective facilitator
efficiency
efficient
electronic banking
eligibility criteria

()

embezzlement
enclosures
encumberance

endorsement

enforcement

entry
equipment
equity
equity requirement
evaluation
ex officio
ex parte decree
examination
examination of accounts
excess jurisdiction
exchange rate
excise and taxation officer
exclusion clause
exclusive jurisdiction
execute
exemption

expense control

expert evidence

explicit cost
exports
external auditor
extraordinary meeting
eyewitness
face value
facilitate
facilitation
fair-minded
false trading
fast-track registration
federal exchequer
feedback

finalize

financial distress

filing system

financial inclusion
financial instability
financial market
financial monitoring unit
financial statements
financial year
financing

fire insurance

fiscal discipline

fixed profit

foreign exchange
foreign trade
forex companies
forfeiture
format

forward contract

foundation stone

fraudulent conveyance
free economy

freedom of expression

freedom of movement

free-trade zone

freezing injunction
freight
frivolous litigation
from time to time
frozen assets
functions
future price
futures contracts

GDP
gender discrimination
general damages

globalization

GNP

general insurance companies

going concern
good governance
goodwill
grace period
graded loans
grant
gross income
gross misconduct
gross profit
group action
group insurance
growth rate
guaranteed deposits
guaranteed returns
guaranteed stock

guarantor

guidelines

handling charges

harmony

head office

hearsay witness

hedging opportunities
hidden cost
high court
high-risk assets
holding company

home trade

honorarium

horizontal integration

hostile takeover

hostile witness

housing finance institutions

human resources
illustration of benefits
immigrant remittances
imminent
impect cost

imperfect gift

impersonation

impediment

impetus

implications

implicit cost

importer
imports
imprudent lending
inadequacy
inapplicable
incentives
inclusion
income statement
income-generating activities
incorporation
indebtedness
indefinite period
indemnity bond
indemnity principle
index
indictment
inducements
inescapable
inflation
inheritance

innocence

innovation

inquiring authority

initial public offer

injunction

inquiry letter
inquiry officer
inside information
inside job
insider trading
insolvency
insolvent
inspection
inspection team

institutional clients

institutional investor

instruments of Islamic finance

insubordination

insurable

insurance agent
insurance coverage
insurance penetration
insurance policyholder

insurer
intangible assets
integral part

integrated financial markets

integration

integrity
intellectual property rights
intent
inter alia

interested witness

interest-free banking

interest rate

interim order

interim relief

intermediary

intermediation cost
internal audit
inter-office memorandum

interpretation clause

interpretation of statute

interrogation
inventory
investment advisory services

investment company
investment finance services
investment portfolio
invoice

irredeemable

irregularities

ipso facto

irregularity
irreparable injury
irrevocable transfer
issuance of shares
issuer
istisna
joint holding company
joint stock company
joint venture subsidiary
judicial activism
judicial guardian
judicial immunity

judicial review

judicial trustee

jurisdiction

jurisdictional limits

justifiable
juvenile delinquency
key stakeholders
kickback
kinship
kinsman
kith and kin

labour-intensive industry

land acquisition collector

land grabber

land reclamation officer

lapsed insurance policy

late fee

latency

lease agreement

leasing company

latent ambiguity

ledger
ledger-keeper
legacy
legal ethics
legal heirs
legal obligation

legal proceedings

legal process

legal remedy

legal requirements
legal tender
letter of allotment
letter of indemnity

liability limit

liaison officer

license
license fee
lien

life insurance

limit price

limited company

limited liability
limited partnership
liquid assets
liquidated damages

liquidation

liquidator

liquidity
listed company

long-term investment

low-income investors

lump sum payment

main gate
major shareholder
management control
managing trustee
mandate
mandatory
manipulation
manpower
manual

marine insurance

market collateral

market contract

market maker
marketing manager
material misstatement
material witness
means of transportation
mechanism
medium-term investment
memorandum of association

memorandum of understanding
merchandise
merger

microinsurance

middle-income countries

methods of indexing

milestone
minimum equity requirement
minor
minority shareholder
minutes of meeting
miscellaneous receipts
misinterpret

mitigated penalty

mitigation of loss

mode of payment

modern banking

modification of mortgage

monetary expansion

monetary policy

money laundering

money market

money supply

moneylenders
monitor
mortgage bond
mortgage protection plan

mortgagee

mortgager

multilateral agreement
multinational corporation
multipurpose modaraba

murabaha

musharika

narrative
nascent industries
natural justice

nepotism

net assets

net income

NBFI

NGOs
nominal

nominal capital

nominal increase

nominal share capital

non-banking finance companies

non-compliance

non-disclosure

non-earning assets
non-profit organization
non-refundable
notice of assignment
notification
notional cost

obsolete

offence

offerer

notwithstanding
nuclear energy
obligation
observe
obsolescence

offering documents
office
office memorandum
office order
officer on special duty
ombudsman

omission
omit
open-ended scheme
operating expenses
operative part
ordinary shares
outreach
outsource
outstanding loan
overhead expenses
oversight committee
paid-up capital
paid-up share capital
paid-up value
panacea
panic
part payment
participatory redeemable capital
partnership agreement
patent ambiguity
patron
pecuniary injury
pecuniary penalty

penal laws
penalize
perfect competition
performance evaluation

petition

petitioner

phantom companies
pharmaceutical company
phase out
physical assets
physical training
plaintiff
pledged assets

policy board

policyholder

policymakers

Ponzi scheme

pooling of risks

positive confirmation

post-dated cheque
postscript
potential
potential loss

power of attorney

preamble

precedent

predecessor
preference shares
premium
premium revenue
prescribe
presumption of death
prevention
preventive detention
price discovery
price hike
prima facie
principal sum
priorities
privatization
pro rata

procedure

procedure

proceeds

procurement committee
production manager

productive

professionalism

profit taking
profitable transaction
projected bonus
promote
promulgation

proof of disability

property tax

proportion

prospective buyer

prospectus

protectionism

protocol officer
provident fund

provisional receipt

proximate cause

prudential requirements
public funds
public interest

public nuisance

public place

public relations officer

public sector deficit

public service
public trust
publication of rules
publicize
punctuation
punitive damages
purchasing power
pursuant to
purview
pyramid scheme
qualified acceptance
qualitative certification
quality control
quantity surveyor
quasi-judicial
quoted price
quoted shares
ransom
rate
ratification
rating companies
rational

rationale
rationalize
raw material

reaffirm

real time

reasoning

rebuttal evidence

receipt and issue

rebate

receivables
recession
recommendations

reconciliation

reconstruction

recovery

recovery officer

recruiting officer

recruitment

rectification

red tape

redeemable

redemption

reduced premium

reform agenda

regressive tax

regularize
regulate
regulations
regulatory ambit
regulatory regime
reinstated insurance policy
reinsurance
rejoinder
relative prices
relaxation of rules
relief
relief operations
remedy
remittance

renewable energy

renewal premium

remuneration

rent sharing
repealing clause
replacement
replenish

replier

reporting regime

reporting requirements

requirements

requisitioning officer
reserve currency

respectively

respondent

restitution

restrictions

restructuring

retail trade
retrospective statute
revamp

revenue board

reversionary bonus

revive
revocation
right and bonus shares
right issue
risk management
risky project
robust financial system
rule book

safekeeping receipt
salesman
salvageable assets
sanctuary
savings' schemes
scope
scrutiny
securities
securities market
security deposit
segregate
self-assessment scheme
self-regulation
seller
seminar
sense of security
service charges
session
settlement
share capital
share certificate
sharecroppers
shareholders

shares
shortfall
short-term loan
show-cause notice

silent partners

simple interest

simultaneously
single-member company
SMEs

sole proprietorship

solemn declaration

solidarity

social security

solvency

source of income

special damages

special economy plan

special power of attorney
special provisions
special waiver of premium
specialization
specialized financial services
specific modaraba

specification
specified date
speculation
sponsor
standardization
standing committee
statement of accounts
state-of-the-art equipment
state's evidence
statistics
statute-barred debt
statutory body
stenographer
step-by-step implementation
stipulated damages
stockholder
strategic objectives
strike price
structural adjustment
subcommittee
sublease

sublessee

submortgage

subordinate loans

subrogation

subscribers

subsidiary company

subsidized credit

subsidized price

subsidiary ledger

subsidy
substantial ownership
succession
sukuk
suo motu action
supervision
supplement to a will
supplementary benefits
supplementary rider
supporting documents
surplus production
surrender value

surveillance

suspension

sustainable development
swaps contract

swinging ownership
systemic risk
Table A
table of cases
table of indemnities

tabulation

tacit acceptance

take-home pay
takeover
tariff
tax recovery
tenderable gain
term finance certificate
term insurance rider
terminal bonus

terms and conditions

terms of reference

the sum insured

three-pronged strategy
timetable

transfer risk

transparency

transportation charges

treasury bond
trillion
troubled debt

trust deed

trustee

trust company

trusteeship
ultra vires
unauthorized act
unavoidable
unconscionable
uncorroborated claim

undertaking

underwriter

undercapitalization
undertake

underwriting
undisclosed income
undivided profit
undocumented economy
unearned income
unforeseen loss
uniform accounting standards

unilaterally
uninsurable
unissued capital
unit
unlawful obstruction

unlimited company

unpaid interest

until further order

unviable business

unpaid premium
unsecured credit

unwarranted

unwritten law

usurpation
utmost good faith
validation
valuation
variable interest rate
variations
veracity
versus
vested interest
viability

vibrant

vicarious liability

vigilance

vindictive

violation

vigorous capital market

virtual one-stop shop

vis-a-vis
void
volatility
voluntary group insurance

vulnerable

waiting list

vote of thanks
vouchers

waiting period
waive
ward
warehouse
)warrant (verb
well-wisher
whereas
whistleblower

wilful default

windfall profit

wholesale trade

winding up of a company

without prejudice to

words of limitation

working days

working hours
write off
wrongful restraint

yield
zero-sum game

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