De-jargoned: Fixed income obligations to income ratio

De-jargoned: Fixed income obligations to income ratio

It shows the lender the proportion of a borrower’s income that is being used to pay instalments
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Product crack: Bharti AXA Life Elite Advantage

Product crack: Bharti AXA Life Elite Advantage

It is a non-participating traditional insurance-cum-investment plan
Product crack: Reliance Fixed Savings

Product crack: Reliance Fixed Savings

This is a non-participating traditional endowment plan from Reliance Life Insurance
Product Crack: JP Morgan Corporate Debt Opportunities Fund

Product Crack: JP Morgan Corporate Debt Opportunities Fund

To make the fund work for you, make sure that you have at least a 3-year time horizon in mind
De-jargoned: Asset-backed securities

De-jargoned: Asset-backed securities

It is an instrument created by securitizing loans
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De-jargoned: mobile wallets
Mon, Sep 08 2014. 07 25 PM

De-jargoned: mobile wallets

It is a virtual money wallet that can be used to make instant payments
DYK: No tax deduction on loan for under-construction house
Fri, Sep 05 2014. 06 35 PM

DYK: No tax deduction on loan for under-construction house

Once it is ready, you can claim deduction for the interest paid during the pre-construction period
Product crack: ICICI Prudential Constant Maturity Gilt Fund
Thu, Sep 04 2014. 06 08 PM

Product crack: ICICI Prudential Constant Maturity Gilt Fund

It is a debt fund with the mandate to invest only in government securities
De-jargoned: Adverse possession
Wed, Sep 03 2014. 07 16 PM

De-jargoned: Adverse possession

This happens when the real owner of a property loses her ownership
De-jargoned: Free float
Tue, Sep 02 2014. 07 03 PM

De-jargoned: Free float

Free float market cap refers to the number of shares that are available for trading
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