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Dictionary of Financial Terms

A Guide Book for all – Demystifying Myriad Global Financial Terms The present day world is full of jargons. Though most of the concepts are known to us, the jargon or acronym seems to be new to us. For instance, the latest buzzword in Management is ‘GRC’. The very word scars the readers. But when expanded as “Governance, Risk Management and Compliance”, we feel relaxed – Oh! It is so simple. Again most part of the world uses ‘Cheque’ as a banking instrument. U.S. has the habit of having its own method of spelling the words and it uses ‘Check’ in the place of Cheque in banking parlance. The Savings Account in banks is called as, Savings Bank Account/ Deposit in some of the world.Read more

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