Important Acronyms and Abbreviations - Read Mode
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Explanation
Telegraphic Transfer (TT) is an electronic method of transferring funds utilized primarily for overseas wire transactions. It was historically done via telex messages.
Explanation
A Demand Draft is a negotiable instrument similar to a bill of exchange. It is issued by a bank to a client, directing another bank or branch to pay a certain sum to the specified party.
Q3. P/E means---
Explanation
The Price-to-Earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings (EPS).
Explanation
Ex-dividend describes a stock that is trading without the value of the next dividend payment. If you buy a stock ex-dividend, you are not entitled to the declared dividend.
Explanation
The Balance of Payments (BOP) is a statement of all transactions made between entities in one country and the rest of the world over a defined period of time.
Explanation
A Management Information System (MIS) is a computerized information-processing system designed to support the activities of company or organizational management.
Explanation
PRSPs are documents required by the IMF and World Bank describing a country's macroeconomic, structural, and social policies and programs to promote growth and reduce poverty.
Explanation
Over-the-counter (OTC) refers to the process of how securities are traded for companies that are not listed on a formal exchange. It is done directly between two parties.
Explanation
Poverty Reduction Strategy Papers (PRSPs) describe a country's macroeconomic, structural, and social policies and programs to promote growth and reduce poverty.
Explanation
Originally known as the Bangladesh Rural Advancement Committee, BRAC is an international development organization based in Bangladesh, recognized as the largest NGO in the world.