The maximum price advance or decline permitted for a futures contract in one trading session compared to the previous day’s settlement price
An order that is valid only for the day it is entered. If the order is still outstanding when the market closes, it will be purged overnight.
De-materialization is the process by which physical certificates of an investor are converted to an equivalent number of securities in electronic form and credited to the investor’s account with his Depository Participant (DP).
A long-term debt instrument issued by corporations or governments that is backed only by the integrity of the borrower, not by collateral. A debenture is unsecured and subordinate to secured debt. A debenture is unsecured in that there are no liens or pledges on specific assets.
A stock purchased from a company that has maintained a record of stable earnings and continuous dividend payments through periods of economic downturn.
The removal of a security’s listing on a stock exchange. This is done when the security no longer exists, the company is bankrupt, the public distribution of the security has dropped to an unacceptably low level, or the company has failed to comply with the terms of its listing agreement.
To give the delivery of shares from one account to another account, the investor has to fill Delivery Instruction Slip (DIS). DIS may be compared to cheque book of a bank account.
The tender and receipt of the underlying commodity or the payment or receipt of cash in the settlement of an open futures contract.
A security whose price is derived from one or more underlying assets. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates and market indexes.
Reducing the investment risk by purchasing