SECONDARY MARKET

SECONDARY MARKET

Secondary market facilitates the trading of securities issued in primary markets either through formal exchanges or over the counter trades.

SECURED DEBENTURE

SECURED DEBENTURE

Fixed income product backed by collateral. Bonds that are backed by assets provide a security towards debt repayment in case the Issuer defaults.

SECURITY

SECURITY

The term Security in finance can mean: stocks, bonds, commodities, etc. Equity securities represent a claim on the earnings and assets of a company, while debt securities are investments in debt instruments. For example, a stock is an equity security, while a bond is a debt security. (loan to the government/company which is tradeable like stocks) 

SETTLEMENT DATE

SETTLEMENT DATE

Date on which the security is transferred to the purchaser and cash is transferred to the issuer.

SHORT TERM DEBENTURE

SHORT TERM DEBENTURE

A debenture that has an initial maturity period of a year or less. 

SOVEREIGN GOLD BONDS

SOVEREIGN GOLD BONDS

Sovereign Gold Bonds are government securities that are issued in multiples of gram(s) of gold with a basic unit of 1 gram. They are issued by RBI on behalf of the Government of India. SGB gives both benefits of capital appreciation and regular interest on investments.

STRIPS

STRIPS

STRIP stands for Separate Trading of Registered Interest and Principal of Securities. It refers to the process of separating the principal and coupon elements of a bond into separate bonds.

STT

STT

Securities Transaction Tax (STT) is a tax paid in India on the value of securities transacted through a recognized stock exchange.