Allahabad Bank e-Learning Project

IRT, Panchkula

Tenant Farmer Is the one who resides on and farms land owned by a landlord. Tenant farming is an agriculture production system in which land owners contribute their labor and often a measure of operating capital and management; while tenant farmers contribute their labor along with at times varying amount of capital and management. Depending upon the contract, tenants can make payments to the owner either of a fixed portion of product, in cash or in combination. Treasury Bills Instruments of Short term borrowings issued by the State or Central Govt.-----They are PN issued at a discount-----Tenure is fixed 91-365 days -----Raise funds for expenditure needs or for surplus funding TURNKEY PROJECT A large-scale building project where the contractor agrees to see to every detail of the project. The purchaser has only to turn the key when the project is finished in order to take possession Universal Banking Allowing FIIs, banks to undertake any activity of banking or development financing . This will help offering of all activities under one roof UPSTREAM An activity that is closed to the original raw material used in a process. Drilling in the desert, is more UPSTREAM than manufacturer of the petrochemicals Vision (Our Bank's) To put the banks on the higher growth path by building a strong customer base, through talent management, induction of state of the art technology and through structural reorganization. VIRTUAL WRITE OFF To clean banks balance sheet. Branch will continue to maintain account-wise record & no opportunity to be missed to recover the amount at a later date V C F( Venture Capital fund) That is put up by the Financial Institutions or Wealthy individual to back a risky project, either in its early stages or when it needs injection of capital. Because of the high risks involved , venture capitalist expects a higher rate of return than that obtained from normal equity Is a source of fund used to finance new proposal/idea involving new technology or product which are risky but with a potential of higher return Negetive LIEN An undertaking by the borrower that they are owner of a particular asset which, they shall, either not dispose off, or will not create charge on the asset, in favour of anyone, without concurrence of the bank VIRUS Malicious programmes WORMS Programs that spread copies of itself, erase previous address TROJAN HORSE Malicious code, overtly doing one thing and covertly doing something Else SPAM This is culled from various sources by IRT Panchkula. Consult HO circulars for finality. 1

Allahabad Bank e-Learning Project

IRT, Panchkula

An act of sending the same message that one sends to sell products & services BRUTE FORCE MKTG VPN Extending geographical connectivity --- Reducing operating cost Lower Capital expenditure --- Eliminating Long distance charges VERTICAL INTEGRATION The integration of businesses whose activities follow each other sequentially. WHEN ISSUED MARKET When, as and if issued ( commonly known as when-issued) security refers to a bond whose issue has been announced but not yet taken place. A when issued market will enable bidders to get an idea of how many investors are interested in buying The market trade starts from the day Govt. makes a notification upto the date of auction During this period there will be a kind of book building with buying and selling of the to-beissued securities going on simultaneously, It is also a limited form of short-selling The participants who are allowed to trade in the government bond market can also trade in such securities In a conditional transaction of securities when issued securities are authorized but not yet issued. The transaction is, therefore, priced for delivery on issue. A when issued market is a forward market that allows participants to buy and sell a security when delivery takes place on the issue date WHISTLEBLOWER An employees who alerts the authorities to the fact that his or her employer is engaged in illegal activity WHITE KNIGHT An investor who comes to the rescue of the company that is subject to hostile take-over. WITHOLDING TAX A tax that is withheld at source on income or capital; that is, before the beneficiary has received the money on which the tax is being levied. ZERO COUPON BONDS It is a bond ( Usually Govt. Bond) either taxable or tax-free, sold at a discount from the face value and pays no current interest , but pays the face value on maturity, ZERO BASED BUDGETING A method of drawing up a budget which starts from zero, that is, it assumes that there was no budget at all in the pervious years. This avoids the trap of slavishly following what was decreed to be a correct figure in the previous period and then updating it by adding 10%

This is culled from various sources by IRT Panchkula. Consult HO circulars for finality. 2