Business Glossary

1) A Qualified Institutional Placement (QIP) is issued by an  indian company to raise capital to a selected group of shareholders, in exchange for equity.Its a private placement and not issued publicly. It was introduced byce the  the SEBI to reduce the dependance on foreign capital.

2) Global Depository Receipts( GDR) : A bank certificate issued in more than one country for shares in a foreign company. The shares are held by a foreign branch of an international bank. The shares trade as domestic shares, but are offered for sale globally through the various bank branches.

3) Fiscal Deficit: When a government’s total expenditures exceed the revenue that it generates (excluding money from borrowings). Deficit differs from debt, which is an accumulation of yearly deficits.

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