Net Profit

Means gross profit minus deduction of tax payments and depreciation provisions.

NAV (Net Asset Value)

The value of a fund’s investment. For a mutual fund, the net asset value per share usually represents the fund’s market price.

Near Money

Assets which are readily convertible into money e.g. deposit accounts, deposit with savings banks and building societies, and certain short-term agreement securities.

Rules

Rules are rigid and definite plans that specify what is to be done or not done in a given situation. A rule provides no scope for discretion and judgment.

Repo

Repo is a short term for repurchase agreement for RBI selling a government security at a competitive rate in the market to absorb what it considers is excess liquidity. The buyers are either banks or registered primary dealers.

Rate of Return

Refers to the basis of earnings from the investment of capital, where earnings are expressed as a proportion of the outlay.