Define Acceptnace in Banking
This is drawee? acknowledgement of the LIABILITY on a BILL OF EXCHANGE, in writing on the instrument itself. A bill may also bear the co-acceptance
Define Arbitrage
The simultaneous purchase and sale transactions in a security or a commodity, undertaken in different markets to profit from price differences.
What is Accrual Basis ?
A method of accounting that recognizes revenues and expenses as they accrue, even though cash would not have been received or paid during the accrual
What is Loan Amortization ?
This is generally the term used in paying Loan installments.The reduction of an amount at regular intervals over a certain time period.
What is Perpetual Bonds ?
These are securities without any maturity.
What is External Commercial Borrowing (ECB) ?
ECB refer to borrowings by corporate & FIs from international market. ECBs are part of India? overall external debt. ECB is permitted for import of
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