Game of Intellect

Page no : 9

CA Annie (Chartered Accountant ) (747 Points)
Replied 28 July 2008

I think u got it wrong Rajni, U must start again with the last letter of the person before u.

Now, am begining with i which is the last letter of ur name,

Indirect tax

It a tax levied on a certain entity but not borne by that entity. Eg: Service tax, VAT

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CA Naveen Kumar Agrawal (Chartered Accountant / MBA) (939 Points)
Replied 05 August 2008

EXTRANET

An Extranet is an extension of an Intranet that makes the latter accessible to outside companies or individuals with or without an Intranet. It is also defined as a collaborative Internet connection with other companies and business partners. Parts of an Intranet are made available to customers or business partners for specific applications. The Extranet is thus an extended Intranet, which isolates business communication from the Internet through secure solutions. Extranets provide the privacy and security of an Intranet while retaining the global reach of the Internet.

The key characteristics of an Extranet is that it extends the Intranet from one location to another across the Internet by securing data flows using cryptography and authorisation procedures, to another Intranet of a business partner. This way, Intranets of business partners, material suppliers, financial services, distributors, customers, etc. are connected to

the Extranets by an agreement between the collaborating parties. The emphasis is on allowing access to authorised groups through strictly controlled mechanisms. This has led to the true proliferation of e-commerce. It is the combination of Intranets with Extranets that has established the virtual corporation paradigm. This business paradigm is turning out to be critical for e-commerce, allowing corporations to take advantage of any market opportunity anywhere, anytime and offering customized services and products.

Aditi (Student) (54 Points)
Replied 21 August 2008

LIBOR:

LIBOR stands for London Inter Bank Offer Rate. LIBOR is fixed by British Bankers' Association on a daily basis. It is used as reference rate of interest for loans in financial markets. Its is a floating rate.

Bhavadharani (Final student) (168 Points)
Replied 21 August 2008

Inorganic growth:

A growth in the operations of a business that arises from mergers or takeovers, rather than an increase in the companies own business activity. Firms that choose to grow inorganically can gain access to new markets and fresh ideas that become available through successful mergers and acquisitions.

Bhavadharani (Final student) (168 Points)
Replied 08 September 2008

common yaar.. y nobody s continuing with my name.. does it sound that unfamiliar..???

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Rushikesh (Chartered Accountant - Manager Finance) (2375 Points)
Replied 08 September 2008

line of credit

A credit arrangement in which a financial institution agrees to lend money to a customer up to a specified limit. A line of credit, generally arranged before the funds are actually required, provides flexibility for the customer in that it ensures the ability to meet short-term cash needs as they arise. Also called bank line, credit line, revolver, revolving credit agreement

Bhavadharani (Final student) (168 Points)
Replied 09 September 2008

hi Rushikesh u r supposed to give a definition with the last letter of my name..

CA Annie (Chartered Accountant ) (747 Points)
Replied 09 September 2008

Inheritance tax

Tax levied upon the cash or fair market value of property received through inheritance. This tax is borne by the receiver of such property and not by the estate

Rushikesh (Chartered Accountant - Manager Finance) (2375 Points)
Replied 09 September 2008

Sorry, I messed up the previous definition!!!

Endowment Mortgage

You only pay interest to the lender, but you also have to pay a monthly premium for an endowment policy that you take out with an insurance company. The endowment policy is designed to produce a lump sum either at the end of your mortgage term or at your death if earlier, to repay the capital you borrowed. You must remember though that the amount paid out is not guaranteed and may not be sufficient to repay the capital borrowed.

Bhavadharani (Final student) (168 Points)
Replied 09 September 2008

Hot money

Money that is moved by its owner quickly from one form of investment to another, as to take advantage of changing international exchange rates or gain high short-term returns on investments.

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CA Annie (Chartered Accountant ) (747 Points)
Replied 10 September 2008

Incremental cash flow

Net of cash outflows and inflows attributable to a corporate investment project.

Rushikesh (Chartered Accountant - Manager Finance) (2375 Points)
Replied 11 September 2008

Exchange Delivery Settlement Price (EDSP)

The price for physical delivery of the underlying instrument or the price at which contracts are cash settled, often derived by the exchange from an average of traded prices over a set period.

Bhavadharani (Final student) (168 Points)
Replied 12 September 2008

Hard currency:

Hard currency, in economics, refers to a currency in which investors have confidence, such as that of a politically stable country with low inflation and consistent monetary and fiscal policies.

Rushikesh (Chartered Accountant - Manager Finance) (2375 Points)
Replied 12 September 2008

Index linked term assurance

(UK specific)

Term assurance in which premiums are increased in line with the retail price index and hence the sum assured is increased.

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C.A. Sanjay Bhatia (CA) (496 Points)
Replied 12 September 2008

HIRE PURCHASE

In a hire-purchase agreement, the owner hires goods to the hirer with an option to purchase the goods when he has made the payment of a certain sum.

By this system, the purchaser who is unable to pay the full price of the asset at one lump sum, gets facilities to acquire an asset and after making the payment of an initial amount called premium, the purchaser pays the balance consideration money in installments.